(See related pages)
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| Clock card | A source document that is used to record the number of hours an employee works and to determine the total labour cost for each pay period. (See page(s) 1151) |
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| Job | The production of a unique product or service. (See page(s) 1145) |
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| Job cost sheet | A separate record maintained for each job. (See page(s) 1147) |
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| Job lot | Producing more than one unit of a unique product. (See page(s) 1145) |
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| Job order cost accounting system | A cost accounting system that is designed to determine the cost of producing each job or job lot. (See page(s) 1147) |
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| Job order manufacturing | The production of special order products, also called customized production. (See page(s) 1145) |
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| Materials ledger cards | Perpetual records that are updated each time units are purchased and each time units are issued for use in production. (See page(s) 1149) |
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| Materials requisition | A source document that production managers use to request materials for manufacturing and that is used to assign materials costs to specific jobs or to overhead. (See page(s) 1150) |
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| Overapplied overhead | The amount by which the overhead applied to jobs during a period with the predetermined overhead application rate exceeds the overhead incurred during the period. (See page(s) 1159) |
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| Periodic inventory system | Measures costs of raw materials, goods in process, and finished goods inventories from physical counts of quantities on hand at the end of each period. (See page(s) 1144) |
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| Perpetual inventory system | Continuously updates records for costs of raw materials, goods in process, and finished goods inventories. (See page(s) 1144) |
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| Predetermined overhead application rate | The rate established prior to the beginning of a period that relates estimated overhead to another variable such as estimated direct labour, and that is used to assign overhead cost to jobs. (See page(s) 1153) |
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| Time ticket | A source document used to report how much time was spent working on a job or on overhead activities and that is used to determine the amount of direct labour to charge to the job or the amount of indirect labour to charge to overhead. (See page(s) 1151) |
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| Underapplied overhead | The amount by which overhead incurred during a period exceeds the overhead applied to jobs with the predetermined overhead application rate. (See page(s) 1158) |