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10 Cards in this Set
- Front
- Back
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A common denominator that links indirect costs to cost objects. Ideally, the allocation base is the promary cost driver of the indirect costs.
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Allocating Base
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Assigning indirect costs to cost objects.
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Cost Allocation
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The primary factor that causes a cost.
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Cost Driver
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Assigning direct costs to cost objects.
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Cost Tracing
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Document that accumulates the direct materials, direct labor, and manufacturing overhead costs assigned to an individual job.
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Job Cost Record
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A system that accumulates costs for each job.
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Job Order Costing
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Identifies the employee, the amount of time spent on a particular job, and the labor cost charged to the job; a record used to assign direct labor cost to specific jobs.
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Labor Time Record
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Request for the transfer of materials to the production floor, prepared by the production team.
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Materials Requisition
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System for assigning costs to large numbers of identical units that usually proceed in a continuous fashion through a series of uniform productions steps or processes.
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Process Costing
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Source document used to trade direct labor to specific jobs.
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Time Record
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