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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Defining terminology
Match the following terms to their definitions.
Transcribed Image Text: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
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