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Match the Following Terms with the Definitions

Question 65

Matching

Match the following terms with the definitions.

Premises:
Job order cost accounting system
Equivalent units of production
Materials consumption report
Hybrid manufacturing system
Process cost accounting system
Process cost summary
Process manufacturing system
Responses:
Document that summarizes the materials a department uses during a reporting period; replaces materials requisition.
Process of products in a continuous flow of steps.
A manufacturing system that contains features of both process and job order systems.
Number of units that would be completed if all effort during a period had been applied to units that were started and finished.
Costing system to determine the cost of producing each job or job lot.
Report of costs charged to a department, its equivalent units of production achieved, even the costs assigned to its output.
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.

Correct Answer:

Job order cost accounting system
Equivalent units of production
Materials consumption report
Hybrid manufacturing system
Process cost accounting system
Process cost summary
Process manufacturing system
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