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Terms 1. Job costing 2. Process costing 3. Project B 4. Continuous flow processing 5. Operation 6. Operation costing 7. Somce document 8. Job cost record 9. Materials requisition 10. Predetermined overhead rate Meaning a. A system of accounting whereby overhead is assigned to products based on actual overhead incurred. b. A complex job that often takes months or years to complete and requires the work of many different departments or divisions or sub-contractors. c. An accounting system that traces costs to spe- contracts, batches of goods, or jobs. d. Units or batches of units that are easily dis- tinguishable from other units or batches. e. The source document for entering costs under job costing 1. The excess of applied overhead over tual overhead incurred during a period. g. A standardized method or technique that is repetitively performed h. The excess of actual overhead over applied aserhead in a period Overhead assigned to a job or other cost object using an estimated overhead rate. A system of accounting whereby actual direct 11. Normal costing 12. Applied overhead 13. Overhead variance 14. Under applied overhead O 15. Overapplied overhead labor and actual direct materials are charged to cost obiects and manufacturing Terms 1. Job costing 2. Process costing 3. Project B 4. Continuous flow processing 5. Operation 6. Operation costing 7. Somce document 8. Job cost record 9. Materials requisition 10. Predetermined overhead rate Meaning a. A system of accounting whereby overhead is assigned to products based on actual overhead incurred. b. A complex job that often takes months or years to complete and requires the work of many different departments or divisions or sub-contractors. c. An accounting system that traces costs to spe- contracts, batches of goods, or jobs. d. Units or batches of units that are easily dis- tinguishable from other units or batches. e. The source document for entering costs under job costing 1. The excess of applied overhead over tual overhead incurred during a period. g. A standardized method or technique that is repetitively performed h. The excess of actual overhead over applied aserhead in a period Overhead assigned to a job or other cost object using an estimated overhead rate. A system of accounting whereby actual direct 11. Normal costing 12. Applied overhead 13. Overhead variance 14. Under applied overhead O 15. Overapplied overhead labor and actual direct materials are charged to cost obiects and manufacturing

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