Cost Classification

2. - Is an expense that is constant when sales volume increase or decrease.
5. - Business expenses that cannot be directly attributed to a specific activity.
6. - An inventory system that continuously estimates your inventory based on records.
8. - Recognizing and recording as they occur.
10. - An asset that is intended to be sold in the ordinary course of business.
13. - The father of cost accounting
15. - Materials that become part of a certain manufactured product and can be readily traced or identified with that product.
16. - Monetary value of expenditures
19. - Costs that depends on the number of units produced
20. - An inventory system in which physical count of inventories is a must.
21. - Allocation of costs to the activities or objects that triggered the incurrence of the costs.

1. - A document which shows the inflow and outflow of goods in a business.
3. - Labor costs involved in the hands-on production of goods, and are directly traceable to the finished product.
4. - An inventory system that continuously estimates your inventory based on records.
7. - The process of recording financial transactions relating to a business.
9. - The variable cost per unit produced
11. - Process of collecting cost information and maintaining a database of the expenses incurred by a business in the course of its operation.
12. Inventory which refers to materials that are waiting to be assembled and sold.
14. tense)
17. - Period that is less than 1 year.
18. goods - Goods that have completed the manufacturing process but not yet sold.