Match the terms below with their definitions. 1. Job 2. Job order production 3. Job lot 4.

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Match the terms below with their definitions.
1. Job
2. Job order production
3. Job lot
4. Cost accounting system
5. Target cost
6. General accounting system
a. The expected selling price of a job minus its desired profit.
b. Production activities for a customized product.
c. A system that records manufacturing costs using a perpetual inventory system.
d. Production of products in response to customer orders.
e. Production of more than one unit of a custom product.
f. A system that records manufacturing costs using a periodic inventory system

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Fundamental Accounting Principles

ISBN: 978-0078110870

20th Edition

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

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