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Select the Letter Corresponding to the Term That Best

Question 265

Question 265

Matching

select the letter corresponding to the term that best fits that statement. You may use a letter more than once and some letters may not be used at all.

Premises:

Responses:

A bill from a supplier

bill of materials

A list of all of the raw materials needed to manufacture a job

cost driver

System for assigning costs to a specific unit or to a small batch of products or services that pass through production steps as a distinct identifiable job

materials requisition

A written or electronic document authorizing the purchase of specific raw materials from a specific supplier

invoice

System for assigning costs to large numbers of identical units that usually proceed in a continuous fashion through a series of uniform production steps or processes

purchase order

A written or electronic document that requests specific materials be transferred from the raw materials inventory storeroom to the production floor

job cost record

A written or electronic document listing the quantity and type of raw materials received in an incoming shipment

process costing

labor time record

receiving report

job costing

Premises:

A bill from a supplier

A list of all of the raw materials needed to manufacture a job

System for assigning costs to a specific unit or to a small batch of products or services that pass through production steps as a distinct identifiable job

A written or electronic document authorizing the purchase of specific raw materials from a specific supplier

System for assigning costs to large numbers of identical units that usually proceed in a continuous fashion through a series of uniform production steps or processes

A written or electronic document that requests specific materials be transferred from the raw materials inventory storeroom to the production floor

A written or electronic document listing the quantity and type of raw materials received in an incoming shipment

Responses:

bill of materials

cost driver

materials requisition

invoice

purchase order

job cost record

process costing

labor time record

receiving report

job costing

Correct Answer:

Premises:

Responses:

bill of materials

cost driver

materials requisition

invoice

purchase order

job cost record

process costing

labor time record

receiving report

job costing

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