Accounting II Competency Questions 51-60
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Created by:
dmphmo1986 on January 13, 2012
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Accounting II Competency Questions 51-60
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10 terms
Terms | Definitions |
|---|---|
 Equity ratio | The ration found bt dividing stockholders equity by total assets is called the __________. |
| All employees | Good management practices prescribed that cost control is responsible of _________. |
| Direct expense | The cost of supplies used but a specific department is an example of a/an ________. |
| ratio | A comparison between two numbers showing how many times one number the other is know as ________. |
| Work in process | Products that are being manufactured but are not yet complete are called ________. |
| Cost ledger | A ledger containing all cost sheets for products in the process of beign manufactured is called a _______. |
| Direct materials and factory overhead | Two manufacturing cost elements are |
| All changes for direct material direct | A cost ledger is used to record |
| Income statement | A financial statement showing details about the costs of finished goods is called a/an |
| Income Summary/Factory Overhead | The accounts affected by the general journal entry to record closing Factory Overhead when there is under applied overhead are debit _______ and credit ________. |
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