| A | B |
|---|
| Materials ledger card | A ledger containing all records of materials received and used for jobs |
| Cost sheet | A sheet that details all costs for each manufacturing job |
| Materials requisitions | A form used to authorize transfer of items from the storeroom to the factory |
| Job time record | A record of time an employee spends on a job. Used to record Direct Labor hours on a Job Cost Sheet |
| Factory overhead applied rate | The rate at which factory overhead is applied to manufacturing jobs (Since factory overhead is not known at the time the job is processing, a business uses an educated estimate to apply overhead to the jobs in process.) |
| Applied overhead | The estimated amount of factory overhead recorded on cost sheets. |
| Finished-goods ledger card | A ledger containing records of all finished goods on hand |
| Under-applied overhead | The amount by which applied factory overhead is less than actual factory overhead |
| Over-applied overhead | The amount by which applied factory overhead is more than actual factory overhead |
| Statement of cost of goods manufactured | A statement that shows details about the cost of finished goods. |
