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CR
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Usefulness : The guiding light for Cost Accounting
Line : A position in the organization which makes decision
Treasurer : One who is responsible in handling the inflow and outflow of cash in an institution
Throughput : This accounting method allows the corporate planning staff to determine which is currently causing the primary production bottleneck
Accumulation : The collection of cost data in an organized way by means of an accounting system is cost ______
Costobject : Refers to any unit activity or segment for which management wants to accumulate and measure a cost
Cost : Resources sacrificed or forgone to achieve a specific objective
True : True or false: An asset is a cost
Nonproduction : Costs associated with the functions of selling and administration
Capacity : Fixed marketing expenses
Relevant : The assumed activity range usually reflects the company’s normal operating range
Stepvariable : Costs that stay fixed over a range of activity and then change after this range is overcome
Controllable : Cost assigned to the department head and the level of the cost is significantly under the manager’s influence
Imputed : Hypothetical cost that do not involve actual cash outlay
Totalcost : Sum of fixed costs and variable costs
Outlier : Costs that are out of line from the normal relationship at the highest point of activity
Perpetual : Inventory system used to account for the three classes of inventory of a manufacturer
False : True or false. The decrease in finished goods inventory is deducted from cost of goods manufactured to get the cost of goods sold
Productcosting: ____ information is essential in determining appropriate prices
Common : Costs shared by different departments or segments
Costbehavior : The way a cost responds to a change in activity
Timeframe : It must be specified to indicate how far into the future a cost should be examined
Scattergraph : This method requires that all recent, normal data observations be plotted on a cost (Y-axis) versus activity (X-axis) graph
Capitalized : Costs treated as assets and become expenses in future periods as the asset is depreciated or amortized
Variable : Costs that vary in total as the volume of production or sales changes
Controller : Company’s chief accountant
Costaccounting : Systematic recording and analysis of the costs of materials, labor and overhead
Costaccountant : One who keeps records of the cost production and distribution of the company’s products or services
Businessunitlevel : Tends to be the most voluminous report which includes the greatest mix of financial and operational information
Expired : Expenses and losses are both considered as ____ costs
Across:2. | True or false: An asset is a cost | 4. | It must be specified to indicate how far into the future a cost should be examined | 5. | Costs treated as assets and become expenses in future periods as the asset is depreciated or amortized | 6. | Inventory system used to account for the three classes of inventory of a manufacturer | 7. | Resources sacrificed or forgone to achieve a specific objective | 9. | Systematic recording and analysis of the costs of materials, labor and overhead | 12. | Expenses and losses are both considered as ____ costs | 17. | One who is responsible in handling the inflow and outflow of cash in an institution | 18. | The collection of cost data in an organized way by means of an accounting system is cost ______ | 20. | True or false. The decrease in finished goods inventory is deducted from cost of goods manufactured to get the cost of goods sold | 23. | One who keeps records of the cost production and distribution of the company’s products or services | 24. | Hypothetical cost that do not involve actual cash outlay | 25. | Tends to be the most voluminous report which includes the greatest mix of financial and operational information | 26. | ____ information is essential in determining appropriate prices |
| | Down:1. | Costs that are out of line from the normal relationship at the highest point of activity | 3. | Fixed marketing expenses | 5. | Refers to any unit activity or segment for which management wants to accumulate and measure a cost | 8. | A position in the organization which makes decision | 10. | Company’s chief accountant | 11. | Costs that vary in total as the volume of production or sales changes | 13. | The assumed activity range usually reflects the company’s normal operating range | 14. | This accounting method allows the corporate planning staff to determine which is currently causing the primary production bottleneck | 15. | Costs shared by different departments or segments | 16. | Costs that stay fixed over a range of activity and then change after this range is overcome | 19. | Cost assigned to the department head and the level of the cost is significantly under the manager’s influence | 21. | Sum of fixed costs and variable costs | 22. | The guiding light for Cost Accounting |
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PuzzleFast.com, Noncommercial Use Only
Across:2. | True or false: An asset is a cost | 4. | It must be specified to indicate how far into the future a cost should be examined | 5. | Costs treated as assets and become expenses in future periods as the asset is depreciated or amortized | 6. | Inventory system used to account for the three classes of inventory of a manufacturer | 7. | Resources sacrificed or forgone to achieve a specific objective | 9. | Systematic recording and analysis of the costs of materials, labor and overhead | 12. | Expenses and losses are both considered as ____ costs | 17. | One who is responsible in handling the inflow and outflow of cash in an institution | 18. | The collection of cost data in an organized way by means of an accounting system is cost ______ | 20. | True or false. The decrease in finished goods inventory is deducted from cost of goods manufactured to get the cost of goods sold | 23. | One who keeps records of the cost production and distribution of the company’s products or services | 24. | Hypothetical cost that do not involve actual cash outlay | 25. | Tends to be the most voluminous report which includes the greatest mix of financial and operational information | 26. | ____ information is essential in determining appropriate prices |
| | Down:1. | Costs that are out of line from the normal relationship at the highest point of activity | 3. | Fixed marketing expenses | 5. | Refers to any unit activity or segment for which management wants to accumulate and measure a cost | 8. | A position in the organization which makes decision | 10. | Company’s chief accountant | 11. | Costs that vary in total as the volume of production or sales changes | 13. | The assumed activity range usually reflects the company’s normal operating range | 14. | This accounting method allows the corporate planning staff to determine which is currently causing the primary production bottleneck | 15. | Costs shared by different departments or segments | 16. | Costs that stay fixed over a range of activity and then change after this range is overcome | 19. | Cost assigned to the department head and the level of the cost is significantly under the manager’s influence | 21. | Sum of fixed costs and variable costs | 22. | The guiding light for Cost Accounting |
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© 2015
PuzzleFast.com, Noncommercial Use Only