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ACC 232, Chapter 15

Across
In calculating the predetermined overhead rate, the estimated overhead costs go in the _____
One of the principal goals of a _____ _____ costing system_is to determine the cost of producing each job or job lot
To record a sale on account, a company debits _____ _____
Serves as the source document for recording materials received in the general ledger and in a materials ledger card
If the applied overhead is more than the actual overhead, the difference is called _____ _____
The production activities for a customized product represent a ___
Used during a period to allocate estimated overhead costs to jobs
To close the Factory Overhead account at the end of the period when the company has underapplied overhead by a small amount, the _____ _____ account _____ _____ is credited for the underapplied overhead
Used to track how each employee uses his or her time
The difference between a product's expected selling price and the desired profit
The account debited when a company applies factory overhead to production
Down
If the actual overhead is more than the applied overhead, the difference is called _____ _____
This account is debited once a job is complete and ready for sale
If a job involves producing more than one unit of a custom product, it is called a _____ _____
A company credits this account when it buys raw materials on account
To record a sale on account, a company credits _____ _____
In calculating a predetermined overhead rate, the estimated activity base goes in the _____
Companies use a _____ accounting system to generate timely and accurate cost information