Chapter 3 Flashcards
1
Q
Process costing
A
Used when the company produces many units of a single product through a series of uniform production steps
2
Q
Job costing
A
Used when many different products are produced each period
3
Q
MOH
A
Indirect materials, indirect labor, plant utilities, factory maintenance
4
Q
Predetermined MOH Rate
A
Est MOG for period/est total units for period
5
Q
MOH allocated
A
POHR x actual activity level
6
Q
Selling price
A
Cost+ mark up
