Set: Accouting Chapter 18
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All 5 Terms
| | Term | Definition |
|---|---|---|
| |
conversion costs | direct labor plus manufacturing overhead |
| |
equivalent units | express the amount of work done during a period in terms of fully complete units of output |
| |
production cost report | summarize a processing department's operations for a period |
| |
transferred-in costs | costs incurred in a previous process that are carried forward as a part of the product's cost when it moves to the next process |
| |
weighted-average process costing method | a process costing method that costs all equivalent units of work with a weighted average of the previous priod's and the current period's cost per equivalent unit |
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Set Information
| Terms | 5 |
| Creator | Hem143 |
| Created | July 2, 2008 |
| Groups | None |
| Tag | accouting vocaublary |
| Access | Anyone |
| Edit | Creator Only |
Description
The accouting vocaublary for chapter 18.
Most Missed Words
- production cost report → summarize a processing department's operations for a period - 2 misses
- transferred-in costs → costs incurred in a previous process that are carried forward as a part of the product's cost when it moves to the next process - 2 misses
- weighted-average process costing method → a process costing method that costs all equivalent units of work with a weighted average of the previous priod's and the current period's cost per equivalent unit - 2 misses