You may use a term more than once, and some terms may not be used...
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Accounting
You may use a term more than once, and some terms may not be used at all. Cost allocation, Cost driver, Cost tracing, Job costing, Job cost record, Process costing materials requisition.
a. --------------is used by companies that produce unique services and products.
b. Raw materials are stored in a storeroom until a -----------------transfer of materials to the production area.
c. ------------------is the assignment of direct costs to specific jobs.
d. Indirect costs cannot be traced to specific products, so they are divided up using a process called------------------.
e. A custom home builder would use a -----------------system to determine product cost.
f-----------------is any activity that causes a cost to be incurred.
g--------------------is used by companies that produce large numbers of identical units through a series of uniform production steps or processes.
h-A--------------------is used to track and accumulate all of the costs for an individual job.i-PepsiCo produces Ruffles potato chips; it would use a--------------system to determine product cost.
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