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Match Each Phrase That Follows with the Term (A-H) It

Question 181

Matching

Match each phrase that follows with the term (a-h) it describes.

Premises:

Responses:

provides information for controlling and improving operations

yield

measures the quantity of output of production relative to the inputs

manufacturing cells

costing system used by a company producing custom window treatments

job order costing

costing system used by a company producing computer chips

transferred in costs

summary of the activity in a processing department for a specific period

direct labor and direct materials

focuses on reducing time, cost, and poor quality within the process

first-in, first-out method

conversion costs

equivalent units

costs incurred in a previous process that are carried forward as part of the product's cost when it moves to the next department

just-in-time processing

a process costing method that costs each period's equivalent units of work with that period's costs per equivalent unit

direct labor and factory overhead

prime costs

cost of production report

the portion of whole units that are complete with respect to materials or conversion costs

equivalent units of production

work centers for processing in a just-in-time system

process costing

measure of the work done during a production period, expressed in terms of fully complete units of output

Premises:

provides information for controlling and improving operations

measures the quantity of output of production relative to the inputs

costing system used by a company producing custom window treatments

costing system used by a company producing computer chips

summary of the activity in a processing department for a specific period

focuses on reducing time, cost, and poor quality within the process

conversion costs

costs incurred in a previous process that are carried forward as part of the product's cost when it moves to the next department

a process costing method that costs each period's equivalent units of work with that period's costs per equivalent unit

prime costs

the portion of whole units that are complete with respect to materials or conversion costs

work centers for processing in a just-in-time system

measure of the work done during a production period, expressed in terms of fully complete units of output

Responses:

yield

manufacturing cells

job order costing

transferred in costs

direct labor and direct materials

first-in, first-out method

equivalent units

just-in-time processing

direct labor and factory overhead

cost of production report

equivalent units of production

process costing

Correct Answer:

Premises:

Responses:

provides information for controlling and improving operations

measures the quantity of output of production relative to the inputs

costing system used by a company producing custom window treatments

costing system used by a company producing computer chips

summary of the activity in a processing department for a specific period

focuses on reducing time, cost, and poor quality within the process

conversion costs

costs incurred in a previous process that are carried forward as part of the product's cost when it moves to the next department

a process costing method that costs each period's equivalent units of work with that period's costs per equivalent unit

prime costs

the portion of whole units that are complete with respect to materials or conversion costs

work centers for processing in a just-in-time system

measure of the work done during a production period, expressed in terms of fully complete units of output