Average Rating 0 out of 5 stars. 0 votes.You must log in to submit a review.“Sunk costs are not differential[…]
Read moreLatest Posts
“If the cost behavior falls outside of the relevant range, fixed costs may no longer be strictly fixed vice versa”
Average Rating 0 out of 5 stars. 0 votes.You must log in to submit a review. “If the cost behavior[…]
Read more“Common examples include: direct materials, direct labor, variable elements of selling/administrative expenses”
Average Rating 0 out of 5 stars. 0 votes.You must log in to submit a review.“Common examples include: direct materials,[…]
Read moreCosts that are taken directly to the income statement as expenses in the period in which they are incurred or acrrued
Average Rating 0 out of 5 stars. 0 votes.You must log in to submit a review.Costs that are taken directly[…]
Read moreInitially recorded as an inventory asset if the product has not yet been sold. It is changed to COGS as soon as the product is sold and is an expense on the income statement.
Average Rating 0 out of 5 stars. 0 votes.You must log in to submit a review.Initially recorded as an inventory[…]
Read more“If you were considering giving up a high-paying summer job to travel overseas, the forgone wages would be an opportunity cost.They are costs that must be explicitly considered in every decision a manager makes.”
Average Rating 0 out of 5 stars. 0 votes.You must log in to submit a review.“If you were considering giving[…]
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 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 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 moreFixed expenses / cm ratio
Average Rating 0 out of 5 stars. 0 votes.You must log in to submit a review.Fixed expenses / cm ratio[…]
Read more