Cost Accounting and Control Crossword Puzzle

QUESTIONS LIST:

• product cost : any cost incurred in the factory.
• selling expenses : the expenses associated with obtaining sales and the delivery of the product or service.
• authority: the power to direct others to perform or not to perform an activity
• manufacturing costs : those costs associated with the production activities of the company.
• cost allocation: assigning indirect costs or common costs to several costing objects
• factory overhead : those production costs incurred in the plant or factory that cannot be classified as direct materials nor direct labor.
• direct labor : the labor directly involve in making the product or those labor costs that can be so traced without undue cost or inconvenience.
• cost tracing : assigning direct costs to a costing object
• indirect labor : defined as expanded labor which does not directly affect the construction or the composition of the finished product
• cost accumulation : the collection of cost data in an organized way by means of an accounting system.
• budgeted costs : costs expected to be incurred in the future
• staff position : the group that gives advice and direct technical functions
• direct materials : those materials that form an integral part of the finished product whose costs can be conveniently traced into it.
• line position : the group that makes decisions
• historical costs : costs incurred in the past
• cost assignment : the assignment of direct and indirect costs to a particular costing object.
• costing object : refers to anything which is being costed like a product or department.