Matching
Match the following definitions to the term that they relate to.
Premises:
Costs of units transferred out plus the cost of the ending work in process units
Summarizes total costs to be accounted for and total costs accounted for
All manufacturing costs not classified as direct materials or direct labor
The units completed but not yet sold
Cumulative cost total
Estimated number of units that could have been started and completed with the same effort and costs incurred in the department during the same time period
The total of the number of units sold times the average cost for each
Summarizes total units to be accounted for and total units accounted for
All departmental manufacturing costs divided by the production for the period
Units begun but not yet completed
Responses:
costs to be accounted for
unit cost
quantity schedule
cost schedule
manufacturing overhead
cost of goods sold
work in process
finished goods
costs accounted for
equivalent units
Correct Answer:
Premises:
Responses:
Costs of units transferred out plus the cost of the ending work in process units
Summarizes total costs to be accounted for and total costs accounted for
All manufacturing costs not classified as direct materials or direct labor
The units completed but not yet sold
Cumulative cost total
Estimated number of units that could have been started and completed with the same effort and costs incurred in the department during the same time period
The total of the number of units sold times the average cost for each
Summarizes total units to be accounted for and total units accounted for
All departmental manufacturing costs divided by the production for the period
Units begun but not yet completed
Premises:
Costs of units transferred out plus the cost of the ending work in process units
Summarizes total costs to be accounted for and total costs accounted for
All manufacturing costs not classified as direct materials or direct labor
The units completed but not yet sold
Cumulative cost total
Estimated number of units that could have been started and completed with the same effort and costs incurred in the department during the same time period
The total of the number of units sold times the average cost for each
Summarizes total units to be accounted for and total units accounted for
All departmental manufacturing costs divided by the production for the period
Units begun but not yet completed
Responses:
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