Matching
Match the following definitions with the appropriate terms
Premises:
The production of products in response to special orders; also called customized production.
A source document that is used to record the number of hours an employee works and to determine the total labor cost for each pay period.
The amount by which the overhead applied to jobs in a period with the predetermined overhead allocation rate exceeds the overhead incurred in a period.
An accounting system for manufacturing activities based on the periodic inventory system.
The rate established prior to the beginning of a period that relates estimated overhead to an allocation factor such as estimated direct labor and is used to assign overhead cost to a job.
A cost accounting system designed to determine the cost of producing each job or job lot.
A source document that production managers use to request materials for manufacturing and that is used to assign materials costs to specific jobs or to overhead.
A perpetual record that is updated each time units of raw material are both purchased and issued for use in production.
A source document that is used to report how much time an employee spent working on a job or on overhead activities and then to determine the amount of direct labor to charge to the job or the amount of indirect labor to charge to overhead.
The amount by which overhead incurred in a period exceeds the overhead applied to jobs with the predetermined overhead allocation rate.
A separate record maintained for each job in a job order costing system; it shows direct materials, direct labor, and overhead for each job.
Responses:
General accounting system
Time ticket
Clock card
Materials requisition
Underapplied overhead
Job order manufacturing
Overapplied overhead
Job cost sheet
Job order cost accounting system
Predetermined overhead allocation rate
Materials ledger card
Correct Answer:
Premises:
Responses:
The production of products in response to special orders; also called customized production.
A source document that is used to record the number of hours an employee works and to determine the total labor cost for each pay period.
The amount by which the overhead applied to jobs in a period with the predetermined overhead allocation rate exceeds the overhead incurred in a period.
An accounting system for manufacturing activities based on the periodic inventory system.
The rate established prior to the beginning of a period that relates estimated overhead to an allocation factor such as estimated direct labor and is used to assign overhead cost to a job.
A cost accounting system designed to determine the cost of producing each job or job lot.
A source document that production managers use to request materials for manufacturing and that is used to assign materials costs to specific jobs or to overhead.
A perpetual record that is updated each time units of raw material are both purchased and issued for use in production.
A source document that is used to report how much time an employee spent working on a job or on overhead activities and then to determine the amount of direct labor to charge to the job or the amount of indirect labor to charge to overhead.
The amount by which overhead incurred in a period exceeds the overhead applied to jobs with the predetermined overhead allocation rate.
A separate record maintained for each job in a job order costing system; it shows direct materials, direct labor, and overhead for each job.
Premises:
The production of products in response to special orders; also called customized production.
A source document that is used to record the number of hours an employee works and to determine the total labor cost for each pay period.
The amount by which the overhead applied to jobs in a period with the predetermined overhead allocation rate exceeds the overhead incurred in a period.
An accounting system for manufacturing activities based on the periodic inventory system.
The rate established prior to the beginning of a period that relates estimated overhead to an allocation factor such as estimated direct labor and is used to assign overhead cost to a job.
A cost accounting system designed to determine the cost of producing each job or job lot.
A source document that production managers use to request materials for manufacturing and that is used to assign materials costs to specific jobs or to overhead.
A perpetual record that is updated each time units of raw material are both purchased and issued for use in production.
A source document that is used to report how much time an employee spent working on a job or on overhead activities and then to determine the amount of direct labor to charge to the job or the amount of indirect labor to charge to overhead.
The amount by which overhead incurred in a period exceeds the overhead applied to jobs with the predetermined overhead allocation rate.
A separate record maintained for each job in a job order costing system; it shows direct materials, direct labor, and overhead for each job.
Responses:
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