Man10e_ATest_ch02

Man10e_ATest_ch02 - 10th Edition MANAGERIAL ACCOUNTING...

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10th Edition MANAGERIAL ACCOUNTING Warren/Reeve/Duchac Chapter Test 2A Score % Name Course Section NOTE: Each of the 40 correct answers is assigned a weight of 2½%. FILL-IN-THE-BLANK—PRINCIPLES AND TERMINOLOGY—60% A
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TEST 17A (Concluded) INSTRUCTIONS: Complete each of the following statements by writing the appropriate words or amounts in the Answers column. For Scoring STATEMENTS Answers 0. A(n) _________ accounting system is used by companies who make large quantities of items that are not distinguishable from each other. . process cost 0. ____ 1. A custom-furniture designer would probably use the _________ system of cost accounting. . .................................................................... 1. ____ 2. The cost of finished products on hand that have not been sold is called . ..................................................................................................... 2. ____
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3–5. Work in process consists of these three costs that have entered the manufacturing process on unfinished products: 3. ................................................................................................................. 3. ____ 4. ................................................................................................................. 4. ____ 5. ................................................................................................................. 5. ____ 6. The accounting system that measures, records, and reports product costs is called the _________ system. . ................................................. 6. ____ 7. The system best suited to industries that manufacture custom goods to fill special orders is referred to as a(n) _________ system. . ............. 7. ____
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This note was uploaded on 10/12/2010 for the course ACCT 116B taught by Professor Rivers during the Spring '09 term at City.

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Man10e_ATest_ch02 - 10th Edition MANAGERIAL ACCOUNTING...

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