2. Match each of the following terms with the appropriate
definition.
A. Record of hours worked.
B. Mass production.
C. Completed production.
D. Uses perpetual inventory system.
E. Total of manufacturing statement.
F. Less than incurred or actual overhead.
G. Uses periodic inventory system.
H. More than incurred or actual overhead.
I. Customized production.
J. Partially completed production.
1 . General accounting system
2 . Cost of goods manufactured
3 . Job order manufacturing
4 . Goods in process inventory
5 . Underapplied overhead
6 . Clock card
7 . Cost accounting system
8 . Overapplied overhead
9 . Finished goods inventory
10 . Process manufacturing
Definition | Term |
A. Record of hours worked. | 6 . Clock card |
B. Mass production. | 10 . Process manufacturing |
C. Completed production. | 9 . Finished goods inventory |
D. Uses perpetual inventory system. | 7 . Cost accounting system |
E. Total of manufacturing statement. | 2 . Cost of goods manufactured |
F. Less than incurred or actual overhead. | 5 . Underapplied overhead |
G. Uses periodic inventory system. | 1 . General accounting system |
H. More than incurred or actual overhead. | 8 . Overapplied overhead |
I. Customized production. | 3 . Job order manufacturing |
J. Partially completed production. | 4 . Goods in process inventory |
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