49.. wil 35% 11:08 PM Select the response from the list provided that best match

Question

49.. wil 35% 11:08 PM Select the response from the list provided that best matches each of the following d points) Your Answer Description Responses A System used to determine cost of distinct, one of a1. Cost per kind products B. Method used in process cost systems to determine 2 Equvalent whole equivalent whole units, where state of completion ofunts equivalent whole unit unts is C. System used to determine costs of products such as3. FIFO method chemicals or paints D Cakulated by dividing total production costs by 4. Hybrid accounting number of equivalent whole units E. The result of expressing partally completed goods in 5. Job-order cost equivaent number of fully completed F. Cost system that blends features of job-order and Job-order cost system sheet system ess costu G. Document used in job-order costing system to accumulate material labor, and overhead costs of a job requisition through the various stages of production H Costs that are transferred from one department to the 8. Process cost next I. Mechanism or document used to request materials 9. Transferred-in needed to begin a . Mechanism or document used to accumulate the time 10. Weighted- spent on K More complicated method of determining equivalent 11. Work ticket whole units when accuracy is of paramount im 7. Materals stem costs a job by each employee average method

Explanation / Answer

Solution:

Selecting the Response From the List Provided that Best Matches each of the Following:

Responses Description (Right Option) 1. Cost per Equivalent Wholde Unit D. Calculated by Dividing Total Production Costs by Number of Equivalent Whole Units. 2. Equivalent Whole Units B. Method used in process cost systems to determine equivalent whole units, where stage of completion of Beginning units is ignored. 3. FIFO Method A. System used to determine cost of Distinct, one of a kind products 4. Hybird Accounting C. System used to Determine costs of Products such as Chemicals or Paints 5. Job Order Cost Sheet G. Document used in job order costing system to Accumulate Materials labor and overhead costs of a job through various staged of Production 6. Job Order Cost System F. Cost System that blends features of Job order and Process Costing 7. Materials Requisition I. Mechanisam or Document used to Request Materials Needed to Begin a Job 8. Process Cost System E. The Result of Expressing Partially Complete Goods in Equivalent Units of Fully Completed Goods 9. Transferred in Cost H. Costs that are transferred from One Department to Another Department 10. Weighted Average Method K. More complicated method to determining equivalent whole units when the accuracy is a Paramount importance 11. Work Ticket J. Mechanism or Document used to accumulate the Time Spent on a job by Each Employee.

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