Match each phrase that follows with the term (a-h) it describes. V prime costs 1. direct labor and factory overhead 4 4 V measure of the work done during a production period, expressed in terms of fully complete units of output 2. direct labor and direct materials costing system used by a company producing custom window treatments 3. transferred in costs - 4. equivalent units costs incurred in a previous process that are carried forward as part of the product's cost when it moves to the next department a process costing method that costs each period's equivalent units of work with that period's costs per equivalent unit 5. process costing 7 6. job order costing 8 summary of the activity in a processing department for a specific period 7. first-an, first-out method > costing system used by a company producing computer chips 8. cost of production report 1 1 > conversion costs