Prepare for your exams
Get points
Guidelines and tips

Sell on Docsity

Prepare for your exams

Study with the several resources on Docsity

Earn points to download

Earn points by helping other students or get them with a premium plan

Guidelines and tips

Sell on Docsity

Prepare for your exams

Study with the several resources on Docsity

Find documents

Prepare for your exams with the study notes shared by other students like you on Docsity

Search Store documents

The best documents sold by students who completed their studies

Search through all study resources

Docsity AINEW

Summarize your documents, ask them questions, convert them into quizzes and concept maps

Explore questions

Clear up your doubts by reading the answers to questions asked by your fellow students

Earn points to download

Earn points by helping other students or get them with a premium plan

Share documents

20 Points

For each uploaded document

Answer questions

5 Points

For each given answer (max 1 per day)

All the ways to get free points

Get points immediately

Choose a premium plan with all the points you need

Study Opportunities

Choose your next study program

Get in touch with the best universities in the world. Search through thousands of universities and official partners

Community

Ask the community

Ask the community for help and clear up your study doubts

University Rankings

Discover the best universities in your country according to Docsity users

Free resources

Our save-the-student-ebooks!

Download our free guides on studying techniques, anxiety management strategies, and thesis advice from Docsity tutors

From our blog

Exams and Study

Go to the blog

Test 2 Review | ACCT 2302 - PRINCIPLE OF ACCOUNTING II (F), Quizzes of Accounting

El Paso Community College Accounting

Class: ACCT 2302 - PRINCIPLE OF ACCOUNTING II (F); Subject: Accounting; University: El Paso Community College; Term: Fall 2014;

Typology: Quizzes

2016/2017

Uploaded on 02/24/2017

jenavi24 🇺🇸

(2)

4 documents

1 / 5

This page cannot be seen from the preview

Don't miss anything!

TERM 1

Display screen

DEFINITION 1

Direct Material

TERM 2

Assembly line supervisor salary

DEFINITION 2

Factory overhead

TERM 3

Wages for assembly worker

DEFINITION 3

Direct labor

TERM 4

Salary of chief executive officer

DEFINITION 4

General and administrative expenses

TERM 5

Glue to hold ipad case together

DEFINITION 5

Factory Overhead

Test 2 Review | ACCT 2302 - PRINCIPLE OF ACCOUNTING II (F), Quizzes of Accounting

Related documents

Partial preview of the text

Download Test 2 Review | ACCT 2302 - PRINCIPLE OF ACCOUNTING II (F) and more Quizzes Accounting in PDF only on Docsity!

Display screen

Direct Material

TERM 2

Assembly line supervisor salary

DEFINITION 2

Factory overhead

TERM 3

Wages for assembly worker

DEFINITION 3

Direct labor

TERM 4

Salary of chief executive officer

DEFINITION 4

General and administrative expenses

TERM 5

Glue to hold ipad case together

DEFINITION 5

Factory Overhead

Uniform provided for each factory worker

Factory overhead

TERM 7

Wages for retail store worker

DEFINITION 7

Selling expenses

TERM 8

Depreciation (straight-line) on the robotic

DEFINITION 8

Factory overhead

TERM 9

Factory Utilities

DEFINITION 9

Product-IndirectOverheadConversion

TERM 10

Advertising

DEFINITION 10

Period costNot a product costNot a product cost

1.COGM DM part

Beginning raw material inventory

Add: Raw materials Purchase

Less:Ending raw Materials Inv

Direct Materials used

TERM 17

2.COGM

DEFINITION 17

Direct Labor

TERM 18

3.COGM

DEFINITION 18

Factory overhead accountsSuch as:Rental on factory

equipmentFactory supplies usedIndirect labor Total Factory

overhead

TERM 19

4.COGM

DEFINITION 19

Total Manufacturing costAdd:Direct Materials usedDirect

LaborTotal factory overhead

TERM 20

5.COGM

DEFINITION 20

Total factory overheadAdd: Beginning WIP InventoryTotal

Cost of WIPLess: Ending WIPCOGM

COGS

Beginning Finished goods inventoryAdd:COGMCost available

for saleLess: Ending Finished Goods InventoryCOGS