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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 TCREID
DIRECT DRECIT

2. The _____________ margin is sales minus variable costs.

CONTRIBUTION OORBTICNNIUT
CONTRIBUTION TTINIBORCNUO

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

DRIVER RIVDER
DRIVER IRDERV

4. Factory supervision is part of manufacturing _____________.

OVERHEAD OVREHAED
OVERHEAD EAORVEDH

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

DEPARTMENTS RETNADPTSME
DEPARTMENTS PTDRNMAESET

6. A benefit foregone is an _______________ cost.

OPPORTUNITY OPTRPIYNOUT
OPPORTUNITY PIOOTYPNUTR

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

ABSORPTION RINPOOBSTA
ABSORPTION IASPNOOBRT

8. ____________ costs are predetermined unit costs.

STANDARD ASNTADDR
STANDARD NDTSDRAA

9. Differences between standard costs and actual costs.

VARIANCES AIRNESCVA
VARIANCES VCEIRSANA

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

PRODUCT RPTDOCU
PRODUCT TPCUDOR
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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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