Match all

match all

Identify the document needed to support each of the following activities in a manufacturing organization a. Receiving direct materials at the dock b. Billing a customer for a completed order c. Recording the costs of a specific job requiring direct materials, direct labor, and overhead d. Issuing direct materials into production e. Recording direct labor time at the beginning and end of each work shift f. Placing an order for direct materials with a supplier 1. Purchase order 2. Time card 3. Materials requisition 4. Job order cost card 5. Sales invoice 6. Receiving report Identify the following activities, for an automobile manufacturer as a. Value adding b. Nonvalue adding 7. Moving product 8. Storing parts 9. Research and development 10. Inventory control 11. Production 12. Customer service 13. Cost accounting 14. Receiving 15. Storing raw materials 16. Moving materials 17. Working on product 18. Painting product 19. Packing and shipping 20. Engineering design of product 21. Storing finished goods Listed below are the activities of Kids Joy Toys Stores. Identify the level at which each activity would be classified in the cost hierarchy used with ABC a. Unit level b. Batch level c. Product level d. Facility level 22. Designing a new product 23. Using direct materials 24. Setting up equipment 25. Maintaining a building 26. Assembling the product 26. 27. 28. 29. Assembling the product Receiving raw materials Handling materials Cleaning up processing area Match the following sentences with their related terminology a. Is prepared after the production budget has been completed and the desired ending direct b. Can be determined as soon as the unit production budget has been completed and the c. The starting point of the budgeting process materials inventory amount is known labor rates are known Can be prepared as soon as the sales budget has been completed and is made up of period d. expenses that are both fixed and variable with sales e. Has two purposes, one of which is computing the overhead rates for the forthcoming accounting period f. Is determined from the unit sales forecast and unit selling prices g. Influences the cash budget as well as the interest expense on the forecasted income statement and the Plant and Equipment account on the budgeted balance sheet Is determined from the unit sales forecast and the desired change in the ending finished goods inventory h. 30. 31. 32. 33. 34. 35. Selling and administrative expense budget Capital expenditures budget Unit sales forecast Production budget Direct materials purchases budget Direct labor budget