Cost Accounting Crossword Puzzle

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Across
  1. 1. An inventory system that continuously estimates your inventory based on records.
  2. 4. The father of cost accounting
  3. 7. Inventory which refers to materials that are waiting to be assembled and sold.
  4. 8. Period that is less than 1 year.
  5. 10. Goods that have completed the manufacturing process but not yet sold.
  6. 11. The process of recording financial transactions relating to a business.
  7. 12. Is an expense that is constant when sales volume increase or decrease.
  8. 14. Recognizing and recording as they occur. (Past tense)
  9. 16. Costs that depends on the number of units produced
  10. 19. Process of collecting cost information and maintaining a database of the expenses incurred by a business in the course of its operation.
  11. 20. Labor costs involved in the hands-on production of goods, and are directly traceable to the finished product.
Down
  1. 2. The variable cost per unit produced
  2. 3. Allocation of costs to the activities or objects that triggered the incurrence of the costs.
  3. 5. Business expenses that cannot be directly attributed to a specific activity.
  4. 6. Materials that become part of a certain manufactured product and can be readily traced or identified with that product.
  5. 9. An inventory system that continuously estimates your inventory based on records.
  6. 13. A document which shows the inflow and outflow of goods in a business.
  7. 15. Monetary value of expenditures
  8. 17. An asset that is intended to be sold in the ordinary course of business.
  9. 18. An inventory system in which physical count of inventories is a must.