| A) | Producing more than one unit of a unique product.
|
| B) | 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.
|
| C) | 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.
|
| D) | A cost accounting system that is designed to determine the cost of producing each job or job lot.
|
| E) | A separate record maintained for each job.
|
| F) | The production of special order products, also called customized production.
|
| G) | Continuously updates records for costs of raw materials, goods in process, and finished goods inventories.
|
| H) | 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.
|
| I) | 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.
|
| J) | The amount by which overhead incurred during a period exceeds the overhead applied to jobs with the predetermined overhead application rate.
|
| K) | Perpetual records that are updated each time units are purchased and each time units are issued for use in production.
|
| L) | 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.
|
| M) | The production of a unique product or service.
|
| N) | 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.
|
.