Solved

Match the Following Terms 1 to 7 with the Definitions

Question 186

Matching

Match the following terms 1 to 7 with the definitions (a)through (g).

Premises:

Responses:

Process manufacturing system.

A manufacturing system that contains features of both process and job order systems.

Process cost accounting system.

Costing system to determine the cost of producing each job or job lot.

Job order cost accounting system.

Number of units that would be completed if all effort during a period had been applied to units that were started and finished.

Materials consumption report.

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.

Hybrid manufacturing system.

Document that summarizes the materials a department uses during a reporting period; replaces materials requisition.

Equivalent units of production.

Report of costs charged to a department, its equivalent units of production achieved, even the costs assigned to its output.

Process cost summary.

Process of products in a continuous flow of steps.

Premises:

Process manufacturing system.

Process cost accounting system.

Job order cost accounting system.

Materials consumption report.

Hybrid manufacturing system.

Equivalent units of production.

Process cost summary.

Responses:

A manufacturing system that contains features of both process and job order systems.

Costing system to determine the cost of producing each job or job lot.

Number of units that would be completed if all effort during a period had been applied to units that were started and finished.

Document that summarizes the materials a department uses during a reporting period; replaces materials requisition.

Report of costs charged to a department, its equivalent units of production achieved, even the costs assigned to its output.

Process of products in a continuous flow of steps.

Correct Answer:

Premises:

Responses:

Process manufacturing system.

Process cost accounting system.

Job order cost accounting system.

Materials consumption report.

Hybrid manufacturing system.

Equivalent units of production.

Process cost summary.

Related Questions

Q155: Process manufacturing, also called process operations or

Q167: Reference: 16_06
Refer to the following information about

Q179: Tanner, Inc.uses a process cost accounting system

Q181: In a process cost accounting system,direct materials

Q182: In process cost accounting systems,when units are

Q183: On a process cost summary,the total costs

Q187: In a manufacturing operation with two process

Q189: In a process cost accounting system,factory wages

Q227: In process costing, factory overhead incurred does

Q228: A process cost summary involves computations and

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

Scan the QR code to install the App and get 2 free unlocks

Unlock quizzes for free by uploading documents