Chapter 1: Exercise 1-2

Group 1 - Cluster 4
1

2 3

6 7

11
10

12

13

14

15

16

17
18
19

20

Across
3. The cost of converting direct materials into finished product
7. This refers to anything which is being costed like a product or
department.
9. He is known as the world's first cost accountant.
10. The department responsible for gathering, compiling and
communicating information about the company’s activities.
12. Cost accounting helps them to understand the costs of running a
business.
15. The product costing and service costing information provided by
Cost Accounting is incorporated in?
16. When Balance End is greater than Balance Beginning, the inventory
will…
18. The measurable value of an opportunity bypassed by rejecting an
alternative use of resources.
19. Responsible in handling the inflow and outflow of cash in an
institution.
20. Keep records of the costs of production and distribution of the
company's products or services.
Down
1. This information is essential in determining appropriate prices.
2. Expired costs are also called?
4. It is what direct cost assigning is called.
5. Expected future costs that will differ between 2 or more alternatives.
6. This position makes the decisions.
8. Production costs incurred in the plant or factory that cannot be
classified as direct materials nor direct labor.
11. Costs that cannot be avoided but the incurrence of which is
deferred at a future date.
13. The collection of cost data in an organized way by means of an
accounting system.
14. Materials that form an integral part of the finished product whose
costs can be conveniently traced into it.
17. Expended labor which does not directly affect the construction or
the composition of the finished product.
 Answer Sheet
1
P
2 3
E C O N V E R I O N C O S T

4
X SO
C P D
5
O E U R
6 7
L C O S T I N G O B J E C T E
8
O I T S T L
V N E E
E E T S C V
9
R R W E D G W O O D A
H P A 11 S N
10
E O C O S T D E P A R T M E N T
12
M A N A G E R S I O I
D I N S N C
13
T G C T G O
I O P S
14
D O S O T
15 I N A N C I A L S T A T E M E N T S S
F
R A
16
E I N C R E A S E B

18 C
17 I C L
O P P O R T U N I T Y C O S T C
19
T R E A S U R E R

D U
M I M C

A R U O

T E 20 O S T A C C O U N T A N T
L C
E C T
A
R T T
I I
A L O
L A N
S B
O
R

Across Down
3. The cost of converting direct materials into finished product 1. This information is essential in determining appropriate prices.
7. This refers to anything which is being costed like a product or
2. Expired costs are also called?
department.
9. He is known as the world's first cost accountant. 4. It is what direct cost assigning is called.
10. The department responsible for gathering, compiling and
5. Expected future costs that will differ between 2 or more alternatives.
communicating information about the company’s activities.
12. Cost accounting helps them to understand the costs of running a
6. This position makes the decisions.
business.
15. The product costing and service costing information provided by 8. Production costs incurred in the plant or factory that cannot be
Cost Accounting is incorporated in? classified as direct materials nor direct labor.
16. When Balance End is greater than Balance Beginning, the inventory 11. Costs that cannot be avoided but the incurrence of which is
will… deferred at a future date.
18. The measurable value of an opportunity bypassed by rejecting an 13. The collection of cost data in an organized way by means of an
alternative use of resources. accounting system.
19. Responsible in handling the inflow and outflow of cash in an 14. Materials that form an integral part of the finished product whose
institution. costs can be conveniently traced into it.
20. Keep records of the costs of production and distribution of the 17. Expended labor which does not directly affect the construction or
company's products or services. the composition of the finished product.