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In Higgins' Research, Personal Standards Relevant to One's Own Performance

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In Higgins' research, personal standards relevant to one's own performance are called


Definitions:

Job-Order Costing

An accounting method that assigns costs to specific batches or job orders, tracking the expenses of each job separately.

T-Account

This is an informal term for a ledger account that depicts the credit and debit sides of transactions, used in accounting to organize financial data.

Work in Process

Inventory that includes goods partially completed but not yet ready for sale.

Predetermined Overhead Rate

The rate used to allocate estimated overhead costs to products or job orders, based on a preselected activity base.

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