LO 4.7Match the concept on the left to its correct description.


A. job order costing
i. computes the overhead applied to each job


B. materials requisition sheet
ii. source document indicating the number of hours an employee worked on specific jobs


C. overapplied overhead
iii. source document indicating the raw materials assigned to a specific production job


D. predetermined overhead rate
iv. the cost accounting system used by pet food manufacturers


E. process costing
v. the cost accounting system used by law firms


F. time ticket
vi. the result when the actual overhead is less than the amount assigned to each specific job


G. underapplied overhead
vii. the result when the actual overhead is more than the amount assigned to each specific job