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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
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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 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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