Match the Items in the Two Columns Below by Entering

question 101

Short Answer

Match the items in the two columns below by entering the appropriate code letter in the space provided.
A. Managerial accounting
B. Financial accounting
C. Planning
D. Directing
E. Controlling
F. Work in process inventory
G. Direct materials
H. Manufacturing overhead
I. Period costs
J. Value chain
_____ 1. The cost of products that are partially complete.
_____ 2. The function of keeping activities in accordance with plans.
_____ 3. Primarily concerned with internal users and reports pertain to subunits of the entity.
_____ 4. Materials that can be physically and directly associated with manufacturing a product.
_____ 5. The function of setting goals and objectives.
_____ 6. Indirect costs of manufacturing a product.
_____ 7. Primarily concerned with external users and reports pertain to the entity as a whole.
_____ 8. Costs that are noninventoriable.
_____ 9. All business processes associated with providing a product or service.
_____ 10. The function of coordinating diverse activities to produce a smooth-running operation.

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Definitions:

Data Collection

The process of gathering and measuring information on variables of interest in a systematic fashion.

Child Development

The study of how children grow and change physically, cognitively, emotionally, and socially from birth through adolescence.

Full Potential

The highest or greatest level of performance, ability, or achievement one is capable of reaching.

Childhood Development

The physiological, psychological, and emotional changes that occur in humans between birth and the end of adolescence.