Chapter 17: Q16E. (page 942)

Question: Match the following terms to their definitions.
a. A record used to assign direct labor cost to specific jobs. 1. Job
b. A document that requests the transfer of materials to 2. Job cost order
the production floor.
c. A document that shows the direct materials, direct labor, 3. Job order costing
and manufacturing overhead costs for an individual job.
d. An accounting system that accumulates costs by process. 4. Labor time record
e. The production of a unique product or specialized service 5. Material requisition
f. Used by companies that manufacture unique products or 6. Process costing system
provide specialized services

Expert verified

Answer:

The matching is as follows:

A – 4

B – 5

C – 2

D – 6

E – 1

F – 3

Step by step solution

Direct material means the raw material used by the company in manufacturing the product of the company.

A	A record used to assign direct labor cost to specific job	4.	Labor time record
B	A document that requests the transfer of materials to the production floor	5.	Material requisition
C	A document that shows the direct materials, direct labor, and manufacturing overhead costs for an individual job	2.	Job cost order
D	An accounting system that accumulates cost by process	6.	Process costing system
E	The production of a unique product or specialized service requisition	1.	Job
F	Used by companies that manufacture unique products or provide specialized services	3.	Job order costing

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June 1 balance	\(36,000
Direct materials used	32,000
Direct labor assigned to jobs	40,000
Manufacturing overhead allocated to jobs	28,000

Manufacturing overhead costs	\(840,000
Direct labor cost	1,480,000
Machine hours	70,000 hours

Direct labor cost	\)1,230,000
Depreciation on manufacturing plant and equipment	620,000
Property taxes on plant	35,500
Sales salaries	26,000
Delivery driver’s wages	22,500
Plant janitor’s wages	17,000
Machine hours	60,000 hours