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ACCT2302: Section #1 Vocabulary

Across
A measure of activity that is related to changes in cost. Used in analyzing and classifying cost behavior.
Type of accounting that deals with information designed to meet the specific needs of a company's management.
The rate used to allocate costs between completed and partially completed production.
All of the costs of producing a product except for direct materials and direct labor.
The total cost of making and finishing a product.
The cost of finished goods available for sale minus the ending finished goods inventory.
The combination of direct labor and factory overhead costs.
Those costs that are used up in generating revenue during the current period and that are not involved in the manufacturing process.
The cost of materials that have not yet entered into the manufacturing process.
A type of cost system that accumulates costs for each of the various departments within a manufacturing facility.
The direct materials costs, the direct labor costs, and the applied factory overhead costs that have entered into the manufacturing process but are associated with products that have not been finished.
Down
The combination of direct materials and direct labor costs.
A cost allocation method that identifies activities causing the incurrence of costs and allocates these costs to products (or other cost objects), based on activity drivers (bases).
The direct materials costs, direct labor costs, and factory overhead costs of finished products that have not been sold.
The wages of factory workers who are directly involved in converting materials into a finished product.
The number of production units that could have been completed within a given accounting period, given the resources consumed.