Match Each of the Following Terms with the Appropriate Definitions

question 148

Multiple Choice

Match each of the following terms with the appropriate definitions.

-Materials consumption report

• A)Costing system to determine the cost of producing each job or job lot.
• B)Document that summarizes the materials a department uses during a reporting period; replaces materials requisition.
• C)Report of costs charged to a department, its equivalent units of production achieved, even the costs assigned to its output.
• D)A manufacturing system that contains features of both process and job order systems.
• E)Number of units that would be completed if all effort during a period had been applied to units that were started and finished.
• F)System of assigning direct materials, direct labor, and overhead to specific processes; total costs associated with each process are then divided by the number of units passing through that process to determine cost per equivalent unit.
• G)Process of products in a continuous flow of steps.