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ACC 232, Chapter 14

Across
Understanding the changing needs and wants of customers and aligning business practices to meet these wants and needs
Beliefs that help a person to tell right from wrong
A system designed to protest assets and ensure reliable accounting records
Who are responsible for preventing and detecting fraudulent activities in their companies
The three letter abbreviation for the professional association for management accountants
The area of accounting that provides information to managers
Manufactured goods that are complete and ready for sale
The three letter abbreviation for a management philosophy that focuses on quality improvements in all business activities
Costs incurred in making a product including direct materials, direct labor, and factory overhead
The financial statement where a manufacturing company reports its three inventory accounts
A product, process, department, or customer to which a company assigns costs
Costs that are traceable to a single cost object
Small materials that go into a manufactured product such as glue, nuts, and nails that are a part of factory overhead
Down
The asset that consists of goods that are being manufactured but are not yet complete
Compares actual results to plans and takes any necessary correction action
The number of dimensions the Balanced Scorecard has
What a lean business model seeks to eliminate
The three letter abbreviation for a system that acquires raw materials and produces completed products only when they are needed
A cost that changes in total in direct proportion to the volume of activity
The management function that involves setting goals and the action plans for achieving them
The cost of workers who acts as factory supervisors
Indirect manufacturing costs such as indirect labor, factory utilities, and property taxes on the factory
The difference between sales and cost of goods sold
Using one's job for personal gain through the misuse of the organization's assets
The number of inventories a manufacturing company has