Match the Terms with the Definitions

question 90

Multiple Choice

Match the terms with the definitions.
-The system that accumulates manufacturing costs by process, such as cutting, painting, or finishing; and assigns each unit of product passing through the process a share of the costs.

• A)Work in Process
• B)process cost system
• C)overapplied overhead
• D)direct materials
• E)materials requisition
• F)factory overhead subsidiary ledger
• G)Finished Goods Inventory
• H)materials ledger
• I)job order cost system
• J)indirect materials
• K)job cost sheet

Estimate the company's contribution margin.

Understand how to separate mixed costs into their fixed and variable components.

Project future costs or expenses based on given data.

Calculate the total variable manufacturing cost per unit.

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Definitions:

False Negatives

Errors where a test result incorrectly indicates no presence of a condition when it is actually present.

Unprofitable Project

A project that generates a financial loss rather than profit for an organization, indicating that expenses exceed revenues.

Profitable Project

A venture or initiative that is expected to result in financial gain, exceeding the costs involved in its execution.

Difference-In-Difference

A statistical technique used to measure the effect of a treatment or intervention by comparing the changes in outcomes over time between a treatment group and a control group.