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Category: Managerial Accounting

Fixed cost,”A cost that remains constant, in total, regardless of changes in the level of activity within the relevant range. If a fixed cost is expressed on a per unit basis

June 20, 2017 mfadmin Managerial Accounting

Average Rating 0 out of 5 stars. 0 votes.You must log in to submit a review.Fixed cost,”A cost that remains[…]

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Indirect labor,”The labor costs of janitors, supervisors, materials handlers

June 20, 2017 mfadmin Managerial Accounting

Average Rating 0 out of 5 stars. 0 votes.You must log in to submit a review.Indirect labor,”The labor costs of[…]

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Indirect materials,”Small items of material such as glue and nails that may be an integral part of a finished product

June 20, 2017 mfadmin Managerial Accounting

Average Rating 0 out of 5 stars. 0 votes.You must log in to submit a review.Indirect materials,”Small items of material[…]

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what type of cost is a common cost?

June 20, 2017 mfadmin Managerial Accounting

Average Rating 0 out of 5 stars. 0 votes.You must log in to submit a review.what type of cost is[…]

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Period costs,”Costs that are taken directly to the income statement as expenses in the period in which they are incurred or accrued

June 20, 2017 mfadmin Managerial Accounting

Average Rating 0 out of 5 stars. 0 votes.You must log in to submit a review.Period costs,”Costs that are taken[…]

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the potential benefit that is given up when one alternative is selected over another

June 20, 2017 mfadmin Managerial Accounting

Average Rating 0 out of 5 stars. 0 votes.You must log in to submit a review.the potential benefit that is[…]

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Schedule of cost of goods manufactured,”A schedule showing the direct materials, direct labor

June 20, 2017 mfadmin Managerial Accounting

Average Rating 0 out of 5 stars. 0 votes.You must log in to submit a review.Schedule of cost of goods[…]

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Net Income,”Net Income = Revenues – Expenses Revenues: Inflows & Other SalesExpenses: Costs associated iwth making saleNet Income: the bottom line

June 20, 2017 mfadmin Managerial Accounting

Average Rating 0 out of 5 stars. 0 votes.You must log in to submit a review.Net Income,”Net Income = Revenues[…]

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Constraint,”or bottleneck

June 20, 2017 mfadmin Managerial Accounting

Average Rating 0 out of 5 stars. 0 votes.You must log in to submit a review.Constraint,”or bottleneck anything that prevents[…]

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Cost of Goods Sold,”Beginning + Inputs – Ending = Outputs Beginning: cost of beginning inventoryInputs: cost of purchasesEnding: cost of ending inventoryOutputs: Goods that were sold * Formula can be adapted for units, cost of manufacturing

June 20, 2017 mfadmin Managerial Accounting

Average Rating 0 out of 5 stars. 0 votes.You must log in to submit a review.Cost of Goods Sold,”Beginning +[…]

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