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Chapters 1-4 The Accounting Cycle
Chapters 5-8 Current Assets
Chapters 9-11 Long-Term Assets
Chapters 12-14 Liabilities/Equities
Chapters 15-16 Using Information
- Chapter 15: Financial Reporting and Concepts
- Chapter 16: Financial Analysis and the Statement of Cash Flows
Chapters 17-20 Managerial/Cost
Chapters 21-24 Budgeting/Decisions

Chapter 19 - Fill in the Blanks

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Question 1 of 10

1. Question
With a ____________ system, costs are gathered by job or order.
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Question 2 of 10

2. Question
The cost of each job is accumulated on a separate ____________.
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Question 3 of 10

3. Question
In a manufacturing system the three cost elements which flow into work in process are ____________, ____________, and ____________.
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Question 4 of 10

4. Question
Items not easily traced to individual jobs like sandpaper, lubricants, and so on are considered to be ____________.
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Question 5 of 10

5. Question
Labor costs are accumulated by means of ____________ and labor summaries.
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Question 6 of 10

6. Question
The overhead application rate is computed by dividing ____________ factory overhead by the ____________ application base.
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Question 7 of 10

7. Question
The applied overhead is credited to the ____________ account.
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Question 8 of 10

8. Question
After recording actual and applied overhead in the factory overhead account, a resulting debit balance would indicate ____________factory overhead.
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Question 9 of 10

9. Question
The ____________ account is adjusted for under- or overapplied overhead.
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Question 10 of 10

10. Question
____________ are those costs that are easily traced to a job and are charged to individual jobs that are worked on during the accounting period.
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Additional Resources

Illustrative Entries

Examples of journal entries for numerous sample transactions

Account Types

Typical financial statement accounts with debit/credit rules and disclosure conventions

Glossary

Includes financial and managerial terms

Time Value of Money

Future and present value tables

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Chapters 1-4
Chapters 5-8
Chapters 9-11
Chapters 12-14
Chapters 15-16
- Chapter 15: Financial Reporting and Concepts
- Chapter 16: Financial Analysis and the Statement of Cash Flows
Chapters 17-20
Chapters 21-24
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