Job Order Costing
ABC
CVP
Misc. Accounting
Williamsburg Trivia
100
The three types of manufacturing product costs.
What is DM, DL, and OH?
100
Some measure of activity that causes costs to occur.
What is a cost driver?
100
This percentage indicates how much of every Revenue dollar goes toward recovering fixed costs and earning a profit.
What is the Contribution Margin Ratio?
100

This is what GAAP stands for.

What is Generally Accepted Accounting Principles?

100
The billionaire philanthropist who is Colonial Williamsburg's main benefactor.
Who is John D. Rockefeller?
200
The two most basic types of cost accounting systems.
What are job order and process costing systems?
200
Process of using ABC info to improve operations.
What is Activity Based Management?
200
CM/OI
What is the operating leverage formula?
200

This is GAAP's international counterpart organization.

What is IFRS - International Financial Reporting Standards?

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 job.
What are job order cost systems?
300
These activities increase the worth of an organization's goods or services to customers.
What are value added activities?
300
The proportion of different products or services sold by an organization.
What is the Sales/Product Mix?
300

These are the 5 questions used when determining between an operating or financing lease.

What are: 

Direct transfer?

BPO?

Specific use?

75% of useful life?

90% of FMV?

300
The name Busch Gardens Williamsburg change its name to (briefly) in 2006.
What is Busch Gardens Europe?
400
The type of cost system used when a large volume of similar products are produced.
What are process cost systems?
400
A grouping of individual cost items.
What is a cost pool?
400
The level of activity at which revenues cover all fixed and variable costs.
What is the BEP?
400

This actor starred in the 2016 real-life documentary of an accountant titled "The Accountant".

Who is Ben Affleck?

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
Tasks or functions undertaken to support the production and distribution of a product or product line.
What are Product Sustaining Activities?
500
The excess of an organization's expected future sales above the BEP?
What is the Margin of Safety?
500

If a contra account decreases an asset account, this type of account increases an asset account.

What is an adjunct account?

500
This is the number of historical structures that have been restored at Colonial Williamsburg.
What is significant about the number 88?
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