Average Rating 0 out of 5 stars. 0 votes.You must log in to submit a review.“Identify each cost as a[…]
Read moreCategory: Accounting
Sales-COGS————-Gross MarginSelling and Administrative expenses:-Selling-Administrative——————Net Operating Income
Average Rating 0 out of 5 stars. 0 votes.You must log in to submit a review.Sales-COGS————-Gross MarginSelling and Administrative expenses:-Selling-Administrative——————Net[…]
Read more“Ramirez Company reports the following costs for the year:Direct Materials Used: $130,000Direct Labor Incurred: 200,000Manufacturing Overhead Incurred: 85,000Selling and Administrative Expenses: 205,000How much are Ramirez’s period costs?”,”Production costs = Selling and Admin ExpensesFor Ramirez = $205
Average Rating 0 out of 5 stars. 0 votes.You must log in to submit a review.“Ramirez Company reports the following[…]
Read moreSelling costs
Average Rating 0 out of 5 stars. 0 votes.You must log in to submit a review.Selling costs All costs that[…]
Read morecm / net operating income
Average Rating 0 out of 5 stars. 0 votes.You must log in to submit a review.cm / net operating income[…]
Read moreBreak-even point
Average Rating 0 out of 5 stars. 0 votes.You must log in to submit a review.Break-even point The level of[…]
Read more“Direct materials (materials that go into final product and can be easily traced – new seats purchased for the local bus)Direct labor (labor costs that can be easily traced to individual units – assembly-line worker at Ford)Manufacturing overhead (all manufacturing costs except direct materials and direct labor – energy bills, repairs on production equipment, property taxes, etc)”
Average Rating 0 out of 5 stars. 0 votes.You must log in to submit a review.“Direct materials (materials that go[…]
Read moreCost-volume-profit graph,”A graphical representation of the relationships between an organization’s revenues, costs
Average Rating 0 out of 5 stars. 0 votes.You must log in to submit a review.Cost-volume-profit graph,”A graphical representation of[…]
Read more“Selling cost (advertisements, shipping, sales commission, etc)Administrative cost (executive compensation, general accounting, general administration of the organizational as a whole)”
Average Rating 0 out of 5 stars. 0 votes.You must log in to submit a review.“Selling cost (advertisements, shipping, sales[…]
Read moreDegree of operating leverage,”A measure, given level of sales
Average Rating 0 out of 5 stars. 0 votes.You must log in to submit a review.Degree of operating leverage,”A measure,[…]
Read more