BEC Cost Accounting review 1

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Joens1313
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300742
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BEC Cost Accounting review 1
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2015-04-13 23:33:58
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BEC Cost Accounting review
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BEC Cost Accounting review 1
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  1. -----------------------------is the accumulation of costs by specific jobs.
    Job order costing is the accumulation of costs by specific jobs.
  2. what is job order costing?
    Job order costing is the accumulation of costs by specific jobs.
  3. When is job order costing appropriate?
    the job order costing method is appropriate when direct costs can be identified with specific units or groups of units of production.
  4. the --------------------- costing method is appropriate when direct costs can be identified with specific units or groups of units of production.
    the job order costing method is appropriate when direct costs can be identified with specific units or groups of units of production.
  5. the job order costing method is appropriate when direct costs can be identified with specific -------------------------------------.
    the job order costing method is appropriate when direct costs can be identified with specific units or groups of units of production.
  6. For --------------------, direct materials, direst labor are traced and applied to a particular job.  costs not directly traceable are applied to individual jobs using a predetermined overhead application rate.
    For job order costing, direct materials, direst labor are traced and applied to a particular job.  costs not directly traceable are applied to individual jobs using a predetermined overhead application rate.
  7. For job order costing, --------------, --------------are traced and applied to a particular job.  costs not directly traceable are applied to individual jobs using a predetermined overhead application rate.
    For job order costing, direct materials, direst labor are traced and applied to a particular job.  costs not directly traceable are applied to individual jobs using a predetermined overhead application rate.
  8. What is the over head rate?
    The overhead rate is a rate that is predetermined yearly using a base that is a common to all units produced such as direct labor hours, machine hours, or direct labor cost.
  9. What is process costing?
    Process costing is a cost accumulation method that aggregates production costs by departments or by production phases.   Unit cost is determined by dividing the total costs charged to a cost center by the output of that costs center.
  10. ------------------is a cost accumulation method that aggregates production costs by departments or by production phases.   Unit cost is determined by dividing the total costs charged to a cost center by the output of that costs center.
    Process costing is a cost accumulation method that aggregates production costs by departments or by production phases.   Unit cost is determined by dividing the total costs charged to a cost center by the output of that costs center.
  11. Process costing is a cost accumulation method that aggregates production costs by departments or by production phases.   ------------------- is determined by dividing the total costs charged to a cost center by the output of that costs center.
    Process costing is a cost accumulation method that aggregates production costs by departments or by production phases.   Unit cost is determined by dividing the total costs charged to a cost center by the output of that costs center.
  12. -------------------------is appropriate for enterprises that produce a continues mass of like units through a series of production steps called operations or processes.
    Process costing is appropriate for enterprises that produce a continues mass of like units through a series of production steps called operations or processes
  13. What are transferred in cost?
    the material, labor, and overhead cost transferred in from a prior department.

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