Match the Items in the Two Columns Below by Entering

question 189

Short Answer

Match the items in the two columns below by entering the appropriate code letter in the space provided.
A. Cost accounting
B. Materials requisition slip
C. Time ticket
D. Cost accounting system
E. Job order cost system
F. Process cost system
G. Job cost sheets
H. Predetermined overhead rate
I. Overapplied overhead
J. Underapplied overhead
_____ 1. Used to apply manufacturing overhead to jobs.
_____ 2. Measures, records, and reports product costs.
_____ 3. When actual manufacturing overhead costs are greater than the overhead applied to products.
_____ 4. Manufacturing cost accounts are fully integrated into the general ledger.
_____ 5. Source document which authorizes issuance of raw materials to production.
_____ 6. Appropriate when products have distinguishing and heterogeneous characteristics.
_____ 7. Constitute a subsidiary ledger for Work in Process Inventory.
_____ 8. Indicates number of hours that employees work and the account to be charged.
_____ 9. Appropriate when products are similar and are produced continuously.
_____ 10. When actual manufacturing overhead costs are less than the overhead applied to products.

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Definitions:

Alphabetic Characters

Letters in the alphabet, used in the construction of words, including both lowercase and uppercase forms.

Global Period

The period of time that is covered for follow-up care of a procedure or surgical service.

Applicable Modifiers

Specific codes or signals used in medical billing to indicate that a service or item has been altered in some way without changing the definition.

Surgical Code

A surgical code is a unique identifier used in healthcare billing and record-keeping to denote specific surgical procedures performed.