Match the Terms with the Definitions

question 45

Multiple Choice

Match the terms with the definitions.
-A form used to issue materials from the storeroom to production. It serves as both an authorization to the storekeeper to issue materials and a source document showing the movement of materials.

• 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

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Definitions:

Quantity

Quantity refers to the amount or number of a material or immaterial good or service, often considered in terms of units or pieces.

Key Input

A crucial factor or resource required for the production process in an industry or manufacturing, significantly impacting the output.

Supply

The total amount of a good or service available for purchase at any given price level in a market.

Technological Advance

Improvements or innovations in technology that enhance productivity, efficiency, or product quality.