Question

Match each of the terms/phrases numbered 1 through 5 with the best definition on the right.
________1 Cost accounting system
________2 Target cost
________3 Job lot
________4. Job
________5 Job order production
a. Production of products in response to customer orders.
b. Production activities for a customized product.
c. A system that records manufacturing costs using a perpetual inventory system.
d. The expected selling price of a job minus its desired profit.
e. Production of more than one unit of a custom product.


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  • CreatedApril 23, 2015
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