Question

The left column lists the titles of documents and accounts used in job order costing. The right column presents short descriptions of the purposes of the documents. Match each document in the left column to its numbered description in the right column.

A. Time ticket	1. Shows amount of time an employee works on a job.
B. Material ledger card	2. Accumulates the cost of incurred overhead and the overhead cost assigned to specific jobs.
C. Voucher	3. Perpetual inventory record of raw materials received, used, and available for use.
D. Factory overhead account	4. Shows amount approved for payment of an overhead or other cost.
E. Material requisition	5. Communicates the need for materials to complete a job.

Short answer

A. Time ticket	1. Shows amount of time an employee works on a job.
B. Material ledger card	3. Perpetual inventory record of raw materials received, used, and available for use.
C. Voucher	4. Shows amount approved for payment of an overhead or other cost.
D. Factory overhead account	2. Accumulates the cost of incurred overhead and the overhead cost assigned to specific jobs.
E. Material requisition	5. Communicates the need for materials to complete a job.

Step-by-step solution

Definition of Job Order Costing

A costing method that applies when the business entity produces a product whose each unit has different specifications is known as job order costing. This costing method allocates costs according to the

Matching the columns

1. Time ticket: A document handled by the business entity that records the number of hours an employee has worked.
2. Material ledger card:It is a document used for the manual recording of the flow of the raw material from the warehouse to the production department.

1. Voucher: A document reflecting the bill owed by the company to its vendor and suppliers is known as a voucher.
2. Factory overhead account:It is an expense account that reports all the costs incurred by the business entity in the production facilities.
3. Material requisition: A document used by the production department to request the material required for the production process.