WorksheetsAcct. 2 Module 2 Matching Review
Total questions: 12
Worksheet time: 6mins
Name
Class
Date
1.
Discounts given to unhappy customers by seller (seller's books).
a)
Sales Allowance
b)
Purchase Allowance
c)
Purchase Returns
2.
Shipping document that describes agreement between business and common carrier.
a)
Bill of Lading
b)
FOB Destination
c)
FOB Shipping Point
3.
Manufacturing cost not directly associated with the production of a product.
a)
Manufacturing Overhead
b)
Direct Labor
c)
Direct Materials
4.
Legal title transfers to customer when goods are received.
a)
FOB Destination
b)
FOB Shipping Point
c)
Bill of Lading
d)
Manufacturing Overhead
5.
A group of machines arranged to reduce travel time of product between machines.
a)
Cells
b)
Machine Set Ups
c)
Bill of Lading
6.
Crude oil purchased to produce gasoline.
a)
Direct Material
b)
Direct Labor
c)
Purchase Allowance
d)
Sales Allowance
7.
Goods return by buyer on buyer's books.
a)
Purchase Returns
b)
Sales Allowance
c)
Purchase Allowance
d)
Purchase Discounts
8.
Adjustments made to machines in preparation for new production run.
a)
Machine Set Ups
b)
Manufacturing Overhead
c)
Direct Material
9.
Cost of salaries for workers who actually manufacture the product.
a)
Direct Labor
b)
Direct Materials
c)
Manufacturing Overhead
10.
Reduction in price as a result of dissatisfaction by customer (buyer’s books)
a)
Purchase Allowance
b)
Purchase Returns
c)
Purchase Discounts
d)
Sales Allowance
11.
Legal title transfers when goods leave the seller's place of business.
a)
FOB Shipping Point
b)
FOB Destination
c)
Cells
d)
Bill of Lading
12.
Discount given buyer for paying amount due early.
a)
Purchase Discounts
b)
Sales Allowance
c)
Purchase Returns
d)
Purchase Allowances
100 %
