FILL IN THE FOLLOWING TERMINOLOGIES IN THE APPROPARIATE SPACES. _____ 1. a. All
ID: 2392322 • Letter: F
Question
FILL IN THE FOLLOWING TERMINOLOGIES IN THE APPROPARIATE SPACES.
_____ 1. a. All costs incurred in a production facility excluding direct materials and direct labor _____ 2. b. A document that shows all costs for a particular product, service, or batch of products _____ 3. c. Anything for which decision makers desire a separate measurement of cost. _____ 4. d. A situation occurring when applied overhead for the year exceeds actual overhead _____ 5. e. A document recording the amount of materials moved from the raw materials warehouse to the factory. _____ 6. f. The giving up of resources for a particular purpose _____ 7. g. The budgeted total overhead for each cost pool divided by the cost-allocation base level _____ 8. h. A method of allocating costs to products that are readily identified by individual units or batches _____ 9. i. Costs that cannot be identified specifically and exclusively with a given cost object _____ 10. J. Costs that can be identified specifically and exclusively with a given cost object. _____ 11. k. The record of the time an individual laborer. _____ 12. l. A system that first accumulates indirect costs for each activity an then assigns costs of the activity to the cost object _____ 13. m. The raw materials or component parts that are used to produce a manufactured product. _____ 14. n. a group of individual costs that a company allocates to cost objects using a single cost allocation base _____ 15. o. A method of allocating factory overhead to products based on expected total overhead for the year _____ 16. p. The number of completed (whole) units that could have been produced from the resources required for the partially complete units. _____ 17 q. The wages of all labor that a company can trace specifically and exclusively to the manufactured goods. _____ 18. r. A method of allocating costs to products by averaging costs over large numbers of nearly identical products. _____ 19. s. Collecting costs by some natural classification, such as activities performed, labor or materials _____ 20. t. A situation occurring when actual overhead for the year exceeds applied overheadExplanation / Answer
1. Factory overheads
2. Cost sheet
3. Cost object
4. Over applied manufacturing overheads
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.