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:

Manufacturing Overhead-Applied

Indirect costs related to manufacturing that are assigned to products based on a predetermined rate.

Overhead Applied Rate

A rate calculated to allocate indirect costs to cost objects based on a predetermined formula.

Direct Labor Hours

The total time workers or employees spend directly working on goods or services that are being produced.

Work-in-Process Inventory

Inventory that includes materials that are currently in the process of being fabricated into finished goods.