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Cost Accounting (Word Scramble)

Author:
Harold Averkamp, CPA, MBA

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1. In variable or ________ costing, fixed manufacturing overhead costs are not assigned to inventory.

DIRECT IDECTR
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DIRECT RICTDE
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2. The _____________ margin is sales minus variable costs.

CONTRIBUTION TNIOTIOUCBNR
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CONTRIBUTION INRBTNTOOUIC
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3. Activity-based costing uses more than one cost ____________.

DRIVER RDVIER
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DRIVER DREVRI
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4. Factory supervision is part of manufacturing _____________.

OVERHEAD RADEVOHE
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OVERHEAD EAOREDHV
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5. Service ______________ are associated with the allocation of manufacturing overhead.

DEPARTMENTS EPDENTRAMTS
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DEPARTMENTS ESAMTPEDNRT
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6. A benefit foregone is an _______________ cost.

OPPORTUNITY YOUPNPORTIT
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OPPORTUNITY YPORIUTPTON
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7. Full __________ costing involves assigning both fixed and variable manufacturing overhead.

ABSORPTION BRPOSOANTI
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ABSORPTION BISTOARPON
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8. ____________ costs are predetermined unit costs.

STANDARD RDSNTDAA
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STANDARD NTDADASR
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9. Differences between standard costs and actual costs.

VARIANCES RANVSECIA
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VARIANCES IRNVEASAC
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10. Direct materials, direct labor, and factory overhead are ____________ costs.

PRODUCT TCUOPRD
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PRODUCT CPTRODU
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  • Debits and Credits
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About the Author

Harold Averkamp

For the past 52 years, Harold Averkamp (CPA, MBA) has
worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.

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