Busy. Please wait.
Log in with Clever

show password
Forgot Password?

Don't have an account?  Sign up 
Sign up using Clever

Username is available taken
show password

Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
Didn't know it?
click below
Knew it?
click below
Don't Know
Remaining cards (0)
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

ACCT 2102

Quiz 1

Conversion Cost
Cost/Benefit Analysis
Cost Object
Cost of Goods Manufactured
Direct Cost
Direct Labor
Direct Materials
Enterprise Resource Planning
Finished Goods Inventory
Indirect Cost
Indirect Labor
Indirect Materials
Just In Time Management
Management Accountability
Manufacturing Company
Manufacturing Overhead
Merchandising Company
Period Cost
Prime Cost
Product Cost
Raw Materials Inventory
Service Company
Total Quality Management
Triple Bottom Line
Value Chain
Work in Process Inventory
Beginning balance + Additions - Ending balance Amount used, manufactured, or sold
Cost of goods manufactured/ total units produced unit product cost
number of units sold* unit product cost cost of goods sold
total cost/ total number of services provided unit cost per service
total cost of goods sold/ total number of items sold unit cost per item
job order costing system
process costing system
job cost record
materials requisition
labor time record
predetermined overhead allocation rate
allocation base
cost driver
underallocated overhead
overallocated overhead
wages per year/ hours worked per year hourly rate to the employer
expected indirect costs/ expected direct labor hours predetermined overhead allocation rate
total cost * markup percentage markup
total cost + markup price
direct labor + indirect cost total cost
job order costing system
process costing system
equivalent units of production (EUP)
conversion costs
production cost report
beginning balance + amount started to account for
transferred out + in process accounted for
units *% completed units for direct materials
units *% in process units for direct materials
completed units + in process units total EUP for direct materials
units *% completed units for conversion costs
units *% completed units for conversion costs
completed units+ in process units total EUP for conversion costs
total direct materials costs/ equivalent units of production for direct materials cost per EUP for direct materials
total conversion costs/ equivalent units of production for conversion costs cost per EUP for conversion costs
transferred in costs
weighted-average method(for process costing)
beginning balance + amount transferred to account for
transferred out + in process accounted for
units *% completed units for transferred in
units*% in process units for transferred in
completed units + in process units total EUP for transferred in
total transferred in costs/ equivalent units of production for transferred in cost per EUP for transferred in
first-in, first-out method(for Process Costing)
Created by: collegestudent
Popular Accounting sets




Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
restart all cards