Matching
Match the following terms with the definitions
Premises:
Equivalent units of production
Job order costing system
Hybrid costing system
Process operations
Process costing system
Materials consumption report
Process cost summary
Responses:
Costing system that measures costs per unit upon completion of a job.
Document that summarizes the materials a department uses when inventory moves continuously through the manufacturing process during a reporting period; replaces materials requisition.
Report of total costs charged to a department, describes its equivalent units of production achieved, and allocates costs among units worked on in the period.
A manufacturing system that contains features of both process costing and job order costing systems.
Number of units that could have been started and completed given the costs incurred during the period.
System of measuring unit costs at the end of a period by combining costs per equivalent unit from each separate department.
Mass production of similar products in a continuous flow of sequential processes.
Correct Answer:
Premises:
Responses:
Equivalent units of production
Job order costing system
Hybrid costing system
Process operations
Process costing system
Materials consumption report
Process cost summary
Premises:
Equivalent units of production
Job order costing system
Hybrid costing system
Process operations
Process costing system
Materials consumption report
Process cost summary
Responses:
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