FinMan10e_ATest_ch17

FinMan10e_ATest_ch17 - 10th Edition FINANCIAL &...

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10th Edition Warren/Reeve/Duchac Chapter Test 17A 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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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
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FinMan10e_ATest_ch17 - 10th Edition FINANCIAL &...

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