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Cluster 5

Cost Accounting

Uploaded by

Makai Cunanan
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© © All Rights Reserved
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Download as XLSX, PDF, TXT or read online on Scribd
0% found this document useful (0 votes)
18 views

Cluster 5

Cost Accounting

Uploaded by

Makai Cunanan
Copyright
© © All Rights Reserved
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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It is the process of tracking, recording and analyzing costs associated with the products or activities of an organization.
Assigning indirect costs or common costs to several costing objects is termed as cost ________.
The 2nd stage of CAIS is called cost _______ which is the assignment of direct and indirect costs to a particular costing object.
The postion which gives advice and performs technical functions.
Cost ________ is the process by which companies plan and control the costs of doing business.
Is the one who supervises the cost accountant in the accounting department, whose function is classified primarily as a staff fu
He/she is responsible in handling the inflow and outflow of cash in an institution.
______cost is the type of cost that are incurred in that past which used primarily in the preparation of financial statements for
Production costs incurred in the plant or factory that are classified as indirect materials and/or indirect labor.
is any cost incurred in the factory and are inventoried if not sold & are expensed only when revenue is recognized.
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The first name of the world's first cost accountant
The way a cost responds to a change in activity is known as its cost ______
The term_______ refers to cost that are classified as direct costs to a costing object.
The postion which makes decisions and recieves advice from the staff position
These are used up in the production of revenues and are said to expire.
The first stage of CAIS is called cost ________ which is the collection of cost data in an organized way by means of an accounti
The Cost ________ keeps detailed records and analysis of materials, labor, factory overhead, and marketing and administrativ
are costs expected to be incurred in the future
They are tasked to provide various types of information for external financial reports, supply the budget information, provide
about labor and benefit costs, and estimate facility-wide budgeted costs.
It is referred as the assumed activity range usually reflects the company's normal operating range
external reporting purposes.

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