Q16E.
Question
Question: Match the following terms to their definitions.
a. A record used to assign direct labor cost to specific jobs. 1. Job
b. A document that requests the transfer of materials to 2. Job cost order
the production floor.
c. A document that shows the direct materials, direct labor, 3. Job order costing
and manufacturing overhead costs for an individual job.
d. An accounting system that accumulates costs by process. 4. Labor time record
e. The production of a unique product or specialized service 5. Material requisition
f. Used by companies that manufacture unique products or 6. Process costing system
provide specialized services
Step-by-Step Solution
VerifiedAnswer:
The matching is as follows:
A – 4
B – 5
C – 2
D – 6
E – 1
F – 3
Direct material means the raw material used by the company in manufacturing the product of the company.
A | A record used to assign direct labor cost to specific job | 4. | Labor time record |
B | A document that requests the transfer of materials to the production floor | 5. | Material requisition |
C | A document that shows the direct materials, direct labor, and manufacturing overhead costs for an individual job | 2. | Job cost order |
D | An accounting system that accumulates cost by process | 6. | Process costing system |
E | The production of a unique product or specialized service requisition | 1. | Job |
F | Used by companies that manufacture unique products or provide specialized services | 3. | Job order costing |