Match Each Following Terms with Their Correct Description from the Items

question 169

Multiple Choice

Match each following terms with their correct description from the items listed below.* Each term may be used more than once, and it is possible that one or more of the classifications may not be used at all.
-Form headed by the job order number, or name

• A)Job-order cost sheet
• B)Time ticket
• C)Materials requisition form

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Definitions:

Predetermined Overhead Rate

A rate used to allocate manufacturing overhead to individual units of production, based on estimated costs and activity levels.

Machine-Hours

A measure of the amount of time machines are used in the production process, often related to allocating manufacturing overhead costs.

Manufacturing Overhead

All the costs related to manufacturing that are not direct materials or direct labor expenses.

Predetermined Overhead Rate

A rate used to allocate manufacturing overhead costs to products based on a planned level of activity or drivers, such as labor hours.