Problem

Match the terms below with their definitions. 1.Joba.The expected selling price of...

Match the terms below with their definitions.

1.

Job

a.

The expected selling price of a job minus its desired profit.

2.

Job order production

b.

Production activities for a customized product.

3.

Job lot

c.

A system that records manufacturing costs using a perpetual inventory system.

 

4.

Cost accounting system

d.

Production of products in response to customer orders.

5.

Target cost

e.

Production of more than one unit of a custom product.

6.

General accounting system

f.

A system that records manufacturing costs using a periodic inventory system.

 

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