Fill in the blank using the term blank.

1. While a job is being produced, its accumulated costs are kept in _________________________ Inventory.

2. When less overhead is applied than is actually incurred, the remaining debit balance in the Factory Overhead account is called _____________________ overhead.

3. ______________________________ involve the mass production of similar products in a continuous flow of sequential processes.

4. The number of units that could have been started and completed during the period given the costs incurred during the period is known as ________________________of Production.

5. The two basic types of cost accounting systems are ________________________________ and ___________________________________.

6. Total Sales Total Variable Costs = ___________________________________.

Job Order Costing Process Costing Work In Process Under-Applied Production Costs

Managerial Variable Costs Finished Goods Period Costs Over-Applied

Factory Overhead Process Operations Equivalent Units Relevant Range Contribution Margin