Match the items in the two columns below by entering the appropriate code letter in the space provided. A. Managerial accounting              F. Work in process inventory B. Financial accounting                  G. Direct materials C. Planning                                            H. Manufacturing overhead D. Directing                                           I. Period costs E. Controlling                                       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.

Question#5

 Match the items in the two columns below by entering the appropriate code letter in the space provided.

A. Managerial accounting              F. Work in process inventory
B. Financial accounting                  G. Direct materials
C. Planning                                            H. Manufacturing overhead
D. Directing                                           I. Period costs
E. Controlling                                       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.