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Ch 2: Cost Accounting Flows
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inputs:The acquisition and transfer of raw materials for production.
processing:The act of converting raw materials into finished goods.
outputs:The finished goods produced as a result of the manufacturing process.
joborder:............ production. Goods are manufactured to specific customer requirements (two words 3,5).
process:............. production. The mass production of homogenous units.
periodic:An inventory system that does not require a continuous record of movements in inventory.
perpetual:An inventory system that tracks all inventory movements for each type of inventory.
control:An account that shows totals of amounts entered in a subsidiary ledger.
subsidiary:Special or supporting ledger that provides more detailed information about control accounts in the general ledger.
seven:The number of control accounts in a typical cost accounting system.
single:................ ledger system. All factory operations are accounted for in the general ledger.
cogs:Account used to keep track of the finished goods that have been sold or delivered to customers (acronym).
finishedgoods:When production is completed, it is transferred from Work in Process to this account (two words 8,5).
factoryoverhead:Control account that records actual overhead incurred (two words 7,8).
applied:Factory ............ overhead. Allocated to production using a predetermined overhead rate.
Ch 2: Cost Accounting Flows
Across:2. | Account used to keep track of the finished goods that have been sold or delivered to customers (acronym). | 6. | Control account that records actual overhead incurred (two words 7,8). | 7. | Special or supporting ledger that provides more detailed information about control accounts in the general ledger. |
| 9. | ............. production. The mass production of homogenous units. | 12. | An inventory system that tracks all inventory movements for each type of inventory. | 13. | Factory ............ overhead. Allocated to production using a predetermined overhead rate. |
| | Down:1. | The act of converting raw materials into finished goods. | 3. | The finished goods produced as a result of the manufacturing process. | 4. | When production is completed, it is transferred from Work in Process to this account (two words 8,5). | 5. | ............ production. Goods are manufactured to specific customer requirements (two words 3,5). | 7. | The number of control accounts in a typical cost accounting system. |
| 8. | The acquisition and transfer of raw materials for production. | 10. | An account that shows totals of amounts entered in a subsidiary ledger. | 11. | ................ ledger system. All factory operations are accounted for in the general ledger. | 14. | An inventory system that does not require a continuous record of movements in inventory. |
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© 2013
PuzzleFast.com, Noncommercial Use Only
Ch 2: Cost Accounting Flows
Across:2. | Account used to keep track of the finished goods that have been sold or delivered to customers (acronym). | 6. | Control account that records actual overhead incurred (two words 7,8). | 7. | Special or supporting ledger that provides more detailed information about control accounts in the general ledger. |
| 9. | ............. production. The mass production of homogenous units. | 12. | An inventory system that tracks all inventory movements for each type of inventory. | 13. | Factory ............ overhead. Allocated to production using a predetermined overhead rate. |
| | Down:1. | The act of converting raw materials into finished goods. | 3. | The finished goods produced as a result of the manufacturing process. | 4. | When production is completed, it is transferred from Work in Process to this account (two words 8,5). | 5. | ............ production. Goods are manufactured to specific customer requirements (two words 3,5). | 7. | The number of control accounts in a typical cost accounting system. |
| 8. | The acquisition and transfer of raw materials for production. | 10. | An account that shows totals of amounts entered in a subsidiary ledger. | 11. | ................ ledger system. All factory operations are accounted for in the general ledger. | 14. | An inventory system that does not require a continuous record of movements in inventory. |
| |
© 2013
PuzzleFast.com, Noncommercial Use Only