Average Rating 0 out of 5 stars. 0 votes.You must log in to submit a review.fixed cost element =total cost-variable[…]
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relevant range,”the range of activity within the assumption that the cost behavior is strictly linear is reasonably valid. Meaning, if a machine that cost $20,000 can only run 3,000 a year
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Read morediscretionary fixed costs,”annual decisions by management to spend on certain fixed cost items. when changed in ST
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Read morecommitted fixed costs
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Read moreactivity base,”measure of whatever causes the incurrence of a variable costEx: labor hours, machine hours, unites produced
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Read morevariable cost,”direct proportion to changes in the level of activity.Ex: cost of goods sold, direct materials, direct labor, variable elements of manufacturing overhead (indirect materials, supplies
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Read moreperiod cost
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Read moreadministrative cost,”all costs associated with general managementEx: exec compensation, general accounting, secretarial
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Read moreselling costs,”all costs incurred to secure customer orders and get finished products to customersEx: advertising, shipping, sales
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Read moreManufacturing Overhead,”includes indirect materials, indirect labor, maintenance, heat and light, property taxes, depreciation
Average Rating 0 out of 5 stars. 0 votes.You must log in to submit a review.Manufacturing Overhead,”includes indirect materials, indirect[…]
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