ACTG 211 Ch. 3 Vocab

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Across
  1. 4. Actual units to be accounted for during a period, irrespective of any work performed
  2. 6. A combination of a process cost and a job order cost system in which products are manufactured primarily by standardized methods, with some customization
  3. 10. The sum of the units (costs) started (or transferred) into production during the period plus the units (costs) in process at the beginning of the period
  4. 11. Method of computing equivalent units of production which considers the degree of completion (weighting) of the units completed and transferred out and the ending work in process
Down
  1. 1. An internal report for management that shows both production quality and cost data for a production department
  2. 2. The sum of labor and overhead costs
  3. 3. Costs expressed in terms of equivalent units of production
  4. 5. A measure of the work done during the period, expressed in fully completed units
  5. 7. The sum of the units (costs) transferred out during the period plus the units (costs) in process at the end of the period
  6. 8. An accounting system used to apply costs to similar products that are mass-produced in a continuous fashion
  7. 9. A schedule that shows the total costs accounted for equals the total costs to be accounted for