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The Method of Free Association Is Labeled Based on an Apparently

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The method of free association is labeled based on an apparently inaccurate translation from German, in which the term has the meaning of:


Definitions:

Job Order Cost

The total cost associated with a specific job order, including direct materials, direct labor, and allocated manufacturing overhead.

Process Cost System

An accounting system used to track and assign costs to units of product in continuous, homogenous production processes.

Manufacturing Cost Elements

The elements of production expenses, usually consisting of direct materials, direct labor, and overhead costs related to manufacturing.

Production Cost Report

A detailed account summarizing the total cost involved in producing a product or completing a production process in a specific period.

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