Loose Leaf for Fundamentals of Accounting Principles and Connect Access Card
Loose Leaf for Fundamentals of Accounting Principles and Connect Access Card
22nd Edition
ISBN: 9781259542169
Author: John J Wild
Publisher: McGraw-Hill Education
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Chapter 19, Problem 2QS
To determine

Introduction:

Job order costing is a system of costing where manufacturing costs are assigned to individual product or Batches of products.

To Match:

The titles of documents & accounts used in job order costing, with the purpose of the documents.

Given Information:

  Titles of the documents
A Time Ticket
B Materials Ledger Card
C Voucher
D Factory Overhead account
E Materials Requisition
  Purpose of the Documents
1 Shows amount of time an employee works on a job
2 Accumulates the cost of incurred overhead & the overhead cost assigned to specific jobs
3 Perpetual inventory record of raw materials received, used & available for use
4 Shows amount approved for payment of an overhead or other cost
5 Communicates the need for materials to complete a job

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