Chapter 19, Problem 1E

To determine

Job Order Costing:

Job order costing is a system of allocating cost of production to an individual product or group of products. Under job order costing, each individual product or batches of products are treated as separate unit due to its unique features customize by the customers.

To match:

Match the terms/phrases numbered 1 through 5 with the best definition a through e.

Given:

Definitions;

a. Production of products in response to customer orders.

b. Production activities for a customized product.

c. A system that records manufacturing costs.

d. The expected selling price of a job minus its desired profit.

e. Production of more than one unit of a custom product.