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Match each term to its correct definition. Job costing Process costing Bill of materials Standard costing A. Collecting costs for a manufacturing process that's geared

  1. Match each term to its correct definition.

    Job costing

    Process costing

    Bill of materials

    Standard costing

    A.

    Collecting costs for a manufacturing process that's geared to producing products in individual lots and assigning cost to those jobs.

    B.

    A list of all the parts and components that go into manufacturing a product, including any raw material.

    C.

    Collecting all costs incurred in a continuous process, then averaging the costs over all units produced.

    D.

    A management tool that estimates the overall cost of production, assuming normal operations.

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