Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
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
Normal Size Small Size show me how
UW ACCTG 225 Study
Lots of general questions of content that needs to be known for ACCTG 225 at UW.
| Question | Answer |
|---|---|
| What's total manufacturing cost? | It's the combination of direct materials, direct labor, and manufacturing overhead. |
| What's unit product cost? | unit product cost equals total manufacturing costs divided by the number of units. |
| What's on the 'credits' side of the Work in Process T-account? | |
| What's on the 'debits' side of the Work in Process T-account? | |
| How is PdOR calculated? | Estimated total manufacturing overhead / estimated total amount of the cost driver (or allocation base) |
| What's a period cost? | |
| What's a product cost? | |
| Is factory depreciation a period or a product cost? | It's a product cost, falling under manufacturing overhead. |
| is the depreciation of a headquarters building (not connected to production) a period or a product cost? | It's a period cost. falling under administrative expenses. |
| What's activity-based costing (ABC)? | ABC, aka absorption costing, assigns all manufacturing costs to products based on the activities (events that causes consumption of MOH resources) performed to make those products. |
| What's the cost of unused capacity? | (amount of allocation base at capacity - actual amount of the allocation base) * PdOR at capacity |
Created by:
Suzilla
Popular Accounting sets