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Word or Phrase Description Predetermined Overhead Rate An estmated basis of manfacturing overhead assigned to Work In Process 2 Activity Based An approach for allocating overhead cest to muiriplc activity cest pools and Costing (ABO then inte products and services Just in Time Inventory Inventory system in wihich goods are manufacted or purchaed just in time for sale. Ary activity that has a direct cause effect relationsksip with the resources consumed Cost Driver W'ages of factory empoloyees direcily involved in the productiom of Fimishied 5 Indirect Laber Job Order Costing for Service A Service Company using job order costing does mot manufacture finished goods but rather assigns cost to the serivce providesd Just in Time A process to have the inventory of all materials you need for production at anytime. Document authorizing the use of raw material from the Raw material Inventory for manufacturing puposes Partially manufactured goods, cost of rae materials and direct labor used in Processing Material Requistion Slip Work in Process Managerial 9 this unit. The financial data upon which Financial Statements are prepared for 10 exdernal users. Activities performed for each job. A system which assigns cost to a process driven manufacturing of one Accounting Batch Leve Activities 12 Job Order Costing 13 Manufacturing The raw materials not used in the manufacturing of Finished Goods. Overhead Cost of Goods Total cost of work in process less the cost of ending work in process 14 Mamufactured 15 Sarbanes Oxdey 16 Cost Accounting 17 Requisition Slip 18 Activity Cost pool A law passed by Congress to prevent unethical corporate behavior The area of accounting that focuses on the preparatoin of Financial Statements A document authorizing the issuance of raw materials from the storage area to production. The ovderhead cost attributed to a distinct type of activity or related activites. Proper conduct of all employees and management in accordance with corporate standrds of behavior. 9 Business Ethics 0 Raw Materials The direct materials used in the maufacturing of Finished Goods