Match the terms in the left column with their definitions from the right column: 1. Bill of
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Match the terms in the left column with their definitions from the right column:
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1. Bill of materials 2. Operations list 3. Master production schedule 4. Lean manufacturing 5. Production order 6. Materials requisition 7. Move ticket 8. Job-time ticket a. A factor that causes costs to change b. A measure of the number of good units produced in a period of time c. A list of the raw materials used to create a finished product A document used to authorize removal of raw materials from inventory e. A cost accounting method that assigns costs to products based on specific processes performed f. A cost accounting method that assigns costs to specific batches or production runs and is used when the product or service consists of uniquely identifiable items g. A cost accounting method that assigns costs to each step or work center and then calculates the average cost for all products that passed through that step or work center h. A document that records labor costs associated with manufacturing a product
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This exercise requires matching terms related to production and cost accounting with their correct d...View the full answer
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Related Book For
Accounting Information Systems
ISBN: 9781292060521
13th Global Edition
Authors: Marshall B. Romney, Paul John Steinbart
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