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Match each of the terms/phrases numbered 1 through 5 with the best definition on the right. Cost accounting system Target cost Job lot Job Job

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Match each of the terms/phrases numbered 1 through 5 with the best definition on the right. Cost accounting system Target cost Job lot Job Job order production Production of products in response to customer orders Production activities for a customized product. A system that records manufacturing costs using a perpetual inventory system. The expected selling price of a job minus its desired profit. Production of more than one unit of a custom product. The following information is from the materials requisitions and time tickets for Job 9-1005 completed by Great Bay Boats. The requisitions are identified by code numbers starting with the letter Q and the time tickets start with W. At the start of the year, management estimated that overhead cost would equal 110% of direct labor cost for each job. Determine the total cost on the job coat sheet for Job 9-1005

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