a. A record used to assign direct labor cost to specific jobs. b. A request for the transfer of materials to the production floor. c. A document that shows the direct materials, direct labor, and manufacturing overhead costs for an individual job. d. An accounting system that accumulates costs by process. e. The production of a unique product or specialized service f. Used by companies that manufacture unique products or provide specialized services. 1. Job 2. Job Cost Record 3. Job Order Costing System 4. Labor Time Record 5. Materials Requisition 6. Process Costing System

a. A record used to assign direct labor cost to specific jobs. b. A request for the transfer of materials to the production floor. c. A document that shows the direct materials, direct labor, and manufacturing overhead costs for an individual job. d. An accounting system that accumulates costs by process. e. The production of a unique product or specialized service f. Used by companies that manufacture unique products or provide specialized services. 1. Job 2. Job Cost Record 3. Job Order Costing System 4. Labor Time Record 5. Materials Requisition 6. Process Costing System

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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