A Document in a Job Order Cost Accounting System That

question 116

Multiple Choice

A document in a job order cost accounting system that is used to record the costs of producing a job is a(n) :

• A) Job cost sheet.
• B) Job lot.
• C) Finished goods summary.
• D) Process cost system.
• E) Units-of-production sheet.

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Definitions:

Normal Distribution

A bell-shaped distribution curve which is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.

Variance

A measure of the dispersion indicating how far individual numbers are from the mean.

Chi-squared Distribution

A statistical tool used to compare observed data with data we would expect to obtain according to a specific hypothesis.

Sample

A subset of individuals or units from a larger population used to estimate characteristics of the whole population.