• Shuffle
    Toggle On
    Toggle Off
  • Alphabetize
    Toggle On
    Toggle Off
  • Front First
    Toggle On
    Toggle Off
  • Both Sides
    Toggle On
    Toggle Off
  • Read
    Toggle On
    Toggle Off

Card Range To Study



Play button


Play button




Click to flip

Use LEFT and RIGHT arrow keys to navigate between flashcards;

Use UP and DOWN arrow keys to flip the card;

H to show hint;

A reads text to speech;

18 Cards in this Set

  • Front
  • Back
Absorption Costing
A costing method that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed manufacturing overhead - in a cost product. p89
Allocation Base
A document that shows the quantity of each type of direct material required to make a product. p96
Cost Driver
A factor, such as machine hours, beds occupupied, computer time or flight-hours, that causes overhead costs. p96
Job Cost Sheet
A form prepared for a job that records the materials, labor, and manufacturing overhead costs charges to that job. p92
Job-order Costing
A costing system used in situations where many different products, jobs or services are produced each period.p89
Materials Requisition Form
A document that specifies the type and quantity of materials to be drawn from the storeroom and that identifies the job that will be charged for the cost of those materials. p91
Multiple Predeterminded Overhead Rates (POHR)
A costing system with multiple OH costs pools and a different POHR for each csot pool, rather than a single POHR for the entire company. Each production may be treated as a seterate OH cost pool. p113
Normal Cost System
A costing system in which OH costs are applied to a job by multiplying a POHR by the actual amount of the allocation base incurred by the job. p95
Overapplien Overhead
A credit balance in the MOH account that accures when the amount of OH cost applied to WIP exceeds the amount of OH cost actually incurred during the period. p109
Overhead Application
The process of charging MOH cost to a job cost sheet and WIP account. p95
Plantwide Overhead Rate
A single POHR that is used throughtout the plant. p113
Predetermined Overhead Rate (POHR)
A rate used to charge MOH cost to jobs that is established in advance for each period.
POHR = Estimated Total MO cost for the period / Estimated total amount of the allocation base for the period. p94
Process Costing
A costing system used in situations where single, homogeneous product is prodecrd for long periods of time. p89
Time Ticket
A document that is used to recorf the amount of time an employee spends on various activities. p93
underapplied Overhead
A debit balance in the MOH account that occurs when the amount of OH cost actually incurred exceeds the amount of OH cost applied to WIP during the period. p109
Unit Product Cost
= total manucaturing cost / total units produced
Difficultied with MOH
1 - It is an indirect cost
2 - consists of many different items
3 - Because of fixed costs in MOH, total MOH costs tend to remain relatively constant from one period to the next even though the number of units produced can fluctuate widely.
Under or over applied MOH account
1 - Close to COGS or
2 - Allocated among the WIP, Finished Goods, and COGS accounts