Match the Following Terms with Their Definitions

question 104

Multiple Choice

Match the following terms with their definitions.
-Sum

• A)The total of the adding process.
• B)Minuend less subtrahend.
• C)Top number in multiplication problem.
• D)Amount left over in the division process.
• E)The answer to a multiplication problem.
• F)Smaller number being subtracted from a large number.
• G)Number in the division process that is dividing into another number.
• H)Bottom number in a multiplication problem.
• I)Numbers combined in adding process.
• J)Doesn't contain a decimal or fraction.
• K)Number in the division process that is being divided by another.
• L)Larger number from which another is subtracted.
• M)The answer to a division problem.

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Definitions:

Department Accountability

The responsibility of departments within an organization to perform their functions correctly, efficiently, and to be answerable for their actions and outcomes.

Conversion Cost

The sum of labor costs and overhead costs used to convert raw materials into finished products.

Equivalent Unit

A measure used in cost accounting to express the amount of materials or labor in terms of the number of finished units they represent.

Process Costing

An accounting methodology used for homogeneous products, which calculates the cost of a product at various stages of production by spreading the total costs over the total units produced.