Please match key concept discussed in class with the corresponding definition. Total points

value 16.

A. cost pool E. actual costing

B. cost allocation base F. cost object

C. job costing system G. source document

D. process-costing system H. job cost record

____1. Costing system that traces direct costs to a cost object based on the actual direct cost rates times the actual quantities of the direct cost inputs used.

____2. Grouping of individual indirect cost items.

____3. Is an original record (such as a labor timecard) that supports journal entries in an accounting system.

____4. In this system the cost object is a unit or multiple units of a distinct product or service called a job.

____5. Which is anything for which a measurement of costs is desired.

____6. Systematic way to link an indirect cost or group of indirect costs to cost objects (Ex. Number of machine hours).

____7. Is used to record and accumulate all the costs assigned to a specific job, starting when work begins, also called a job-cost sheet.

____8. In this system the cost object is masses of identical or similar units of a product or service