Match each of the following terms with its correctdefinition:

job-order costing system

Process-costing system

overapplied overhead

plantwide overhead rate

predetermined overhead rate

job-order cost sheet

overhead variance

applied overhead

actual cost system

Time Ticket

materials requisition form

underapplied overhead

normal cost sytem

direct materials

manufacturing overhead

A. The amount by which applied overhead exceeds actualoverhead

B. The job order number, or name, head this form.

C. Materials that can be easily and cost-effectively traced to aspecific job

D. An overhead rate computed using estimated data

E. The amount by which actual overhead exceeds appliedoverhead

F. The difference between actual overhead and appliedoverhead

G. Indirect materials, indirect labor, and other costs relatedto manufacturing that cannot be easily to traced to a specificjob

H. This form asks for the type, quantity, and unit price ofdirect materials.

I. Overhead assigned to production using predetermined rates

J. A costing system that accumulates production costs by processor by department for a given period of time

K. A single overhead rate calculated using all estimatedoverhead for a factory divided by the estimated activity levelacross the entire factory

L. A costing system in which costs are collected and assigned tounits of production for each individual job

M. This form is filled out by each employee every day.

N. An approach that assigns actual costs of direct materials,direct labor, and overhead to products

O. An approach that assigns the actual costs of direct materialsand direct labor to products but uses a predetermined rate toassign overhead costs