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Accounting - Chapter 19
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a ledger containing all cost sheets for products in the process of being manufactured
cost ledger
salaries of factory workers who make a product
direct labor
a ledger containing all records of materials
materials ledger
manufactured products that are fully completed
finished products
the estimated amount of factory overhead recorded on cost sheets
applied overhead
salaries paid to factory workers who are not actually making products
indirect labor
materials that are of significant value in the cost of and that become an identifiable part of a finished product
direct materials
products that are being manufactured but are not yet complete
work in process
all expenses other than direct materials and direct labor that apply to the making of the products
factory overhead
a ledger containing records of all finished goods on hand
finished goods ledger
materials used in the completion of a product but that are of insignificant value to justify accounting seperately
indirect materials
Author
kaylacody17
ID
187297
Card Set
Accounting - Chapter 19
Description
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Updated
2012-12-05T16:01:59Z
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