Match each business that follows to the type of costing system (a or b) it would typically use.
a.Job order costing
b.Process costing
181.Movie studio
182.Gasoline refinery
183.Home construction
184.Paper manufacturer
185.Flour mill
Match each phrase that follows with the term (a-h) it describes.
a.direct labor and factory overhead
b.direct labor and direct materials
c.transferred in costs
d.equivalent units
e.process costing
f.job order costing
g.first-in, first-out method
h.cost of production report
186.a process costing method that costs each period’s equivalent units of work with that period’s costs per equivalentunit
187.measure of the work done during a production period, expressed in terms of fully complete units of output
188.conversion costs
189.summary of the activity in a processing department for a specific period
190.costing system used by a company producing computer chips
191.prime costs
192.costs incurred in a previous process that are carried forward as part of the product’s cost when it moves to thenext department
193.costing system used by a company producing custom window treatments