Accounting Terminology Listed Below Are Nine Technical Accounting Terms Introduced or Emphasized

question 107

Essay

Accounting terminology
Listed below are nine technical accounting terms introduced or emphasized in this chapter: Each of the following statements may (or may not)describe one of these technical terms.In the space provided,indicate the accounting term described,or answer "None" if the statement does not correctly describe any of the terms.
________ (a)The account that is debited when the Work in Process Inventory account is credited.
________ (b)A term describing any manufacturing cost that can be traced conveniently and directly to the various types of products being manufactured.
________ (c)Costs that are charged directly to expense accounts at the time that the costs are incurred.
________ (d)The category of manufacturing cost that would include the cost of tires used in the manufacture of automobiles.
________ (e)An account that has a balance that is increased by manufacturing costs incurred during the period and decreased by the cost of finished goods manufactured.
________ (f)The category of manufacturing cost that includes the salaries of plant guards,supervisors,and maintenance personnel.
________ (g)A term describing all three categories of manufacturing costs.

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Definitions:

Service Plan

A documented plan developed to ensure an individual receives coordinated and appropriate services to meet their specific needs.

Client Needs

Refers to the requirements or services necessary to support an individual's well-being, health, or specific goals, often identified through assessment in various professional settings.

Parsimonious Services

The concept of providing services in the most efficient and economical manner, aiming to achieve the best outcomes with minimal resource expenditure.

Increasing Client Dependence

A condition where clients become progressively more reliant on their service providers, often seen as an unethical practice in therapeutic contexts.