Cost Accounting
Job Order Cost Flow
Manufacturing Costs
Manufacturing Overhead
Williamsburg Trivia
100
What cost accounting consists of.
What is Measuring, recording, and reporting of product costs?
100
The most basic type of materials used in the manufacturing process.
What are raw materials?
100
What factory labor costs consist of.
What are gross earnings, payroll taxes, and fringe benefits?
100
The tracking document used to record overhead and other costs associated with a particular job.
What is a job cost sheet?
100
The billionaire philanthropist who is Colonial Williamsburg’s main benefactor.
Who is John D. Rockefeller Jr?
200
The two basic types of cost accounting systems.
What are job order cost and process cost systems?
200
The type of inventory that raw materials are moved into when the manufacturing process starts.
What is work in process?
200
When raw materials are purchased, type type of journal entry is made to "raw materials".
What is a debit?
200
Examples of types of costs assigned to overhead.
What are factory depreciation, utilities, equipment maintenance, etc?
200
The 23-mile stretch of road that connects Virginia’s historic triangle.
What is the Colonial Parkway?
300
The type of cost system that involves cost assigned to each batch or job.
What are job order cost systems?
300
The type of inventory where goods move to when the manufacturing process is complete.
What is finished goods?
300
The type of journal entry made to "factory labor" when factory labor costs are incurred.
What is a debit?
300
A written authorization for issuing raw materials.
What is a material requisition slip?
300
The name Busch Gardens Wmbg changed its name to (briefly) in 2006.
What is Busch Gardens Europe?
400
Used when a large volume of similar products are produced.
What are process cost systems?
400
Where cost is transferred to when goods are sold.
What is cost of goods sold?
400
The account that would be credited when raw materials are purchased but paid for a later date.
What is "accounts payable"?
400
The two departments that normally retains a copy of the materials requisition slip.
What are material storage and accounting?
400
These are the years between which Williamsburg served as the capital of colonial Virginia?
What is 1699 to 1780
500
Most print shops would use this type of cost system.
What is a job order cost system?
500
The two major steps in the flow of costs.
What are accumulate manufacturing costs incurred and assign the costs to the work completed?
500
The three main inventory accounts for a manufacturer.
What are "raw materials", "work in process", and "finished goods"?
500
The document that records time spent on a job.
What is a time ticket?
500
This is the number of historical structures that have been restored at Colonial Williamsburg.
What is 88
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