Fill in the blanks

FILL IN THE BLANK. Write the word or phrase that best completes each statement or answers the question. 1) A accumulates production costs and assigns them to products or services. 2) production is used by companies that produce customized products for specific customers. 3) A sheet is a cost record maintained for each job. 4) The total cost on job cost sheets for all jobs in process equals the amount in the Inventory account. 5) When direct labor is assigned to specific jobs, is debited. 6) When indirect labor is recorded, is debited. 7) A rate is calculated by dividing total estimated factory overhead by an activity base such as total estimated direct labor cost. 8) When the actual overhead incurred during an accounting period is more than the overhead applied to jobs, the overhead is said to be 9) Overapplied overhead should be to the Cost of Goods Sold account when closed