Across
- 3. _____________ costing is a method that includes all manufacturing costs in the product cost.
- 8. A _______________ overhead rate is a single predetermined overhead rate that is used throughout a plant.
- 10. ____________________, direct labor, and manufacturing overhead are considered product costs.
- 11. Predetermined overhead is calculated by dividing total ______________ manufacturing overhead costs by the estimated total amount of the allocation base.
- 12. Units of product that are only partially complete and will require further work are part of ___________ inventory.
Down
- 1. An _________________ base is a measure of activity such as direct labor hours or machine hours that is used to assign costs to cost objects.
- 2. A form that records the direct materials, direct labor and manufacturing overhead costs charged to a job is called a _____ ______ ______.
- 4. When the overhead cost applied to WIP exceeds the amount of overhead cost actually incurred during a period the overhead is said to be _____________.
- 5. Costs that vary in total, in direct proportion to changes in the level of activity are called ___________.
- 6. Finished goods are units of ___________ that have been completed but not yet sold to customers.
- 7. A _______________ overhead rate is established in advance and used to charge manufacturing overhead cost to jobs.
- 9. Costs that remain constant in total, regardless of the level of production but vary inversely in on a per unit basis with the level of production activity are called ______________.