ACC203

Match the following items: Direct materials Manufacturing overhead Period costs Value chain Work in process inventory Job order cost system Predetermined overhead rate Process cost system Underapplied overhead Equivalent units of production Appropriate when products are similar and are produced continuously. Costs that are noninventoriable. When actual manufacturing overhead costs are less than the overhead applied to products. Used to apply manufacturing overhead to work in process. The cost of products that are partially complete. When actual manufacturing overhead costs are greater than the overhead applied to products. All business processes associated with providing a product or service. Indirect costs of manufacturing a product. appropriate when products have distinguishing and heterogeneous characteristics. Work done during a period expressed in fully completed units. Materials that can be physically and directly associated with manufacturing a product