Job Order costing

1. costs Costs actually incurred during the accounting period
4. Predetermined rate used to apply manufacturing overhead to jobs
5. POHR Uses a separate allocation base and POHR for each department
6. overhead Indirect manufacturing costs that cannot be easily traced to a specific job
11. of materials Lists the quantity of each type of direct material needed to complete a product
12. overhead Applied overhead is greater than actual overhead
13. ticket Hour-by-hour summary of an employee's activity throughout the day
14. materials Costs that can be easily traced to a specific product or job
15. POHR Uses one allocation base and one predetermined overhead rate

2. base Measure used to assign manufacturing overhead to jobs
3. labor Labor costs that can be easily traced to a specific job
7. costs Manufacturing overhead assigned to jobs using the predetermined rate
8. overhead Applied overhead is less than actual overhead
9. cost sheet Records the direct materials, direct labor, and manufacturing overhead assigned to a job
10. requisition Specifies the type and quantity of materials issued and the job charged