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ACCT -COST
Quiz1
| Term | Definition |
|---|---|
| ACTUAL COST | |
| AVERAGE COST | |
| BUDGETED COST | |
| CONVERSION COSTS | |
| COST | |
| COST ACCUMULATION | |
| COST ALLOCATION | |
| COST ASSIGNMENT | |
| COST DRIVER | |
| COST OBJECT | |
| COST OF GOODS MANUFACTURED | |
| COST TRACING | |
| DIRECT COSTS OF A COST OBJECT | |
| DIRECT MANUFACTURING LABOR COSTS | |
| DIRECT MATERIAL COSTS | |
| DIRECT MATERIALS INVENTORY | |
| FACTORY OVERHEAD COSTS | |
| FINISHED GOODS INVENTORY | |
| FIXED COST | |
| IDLE TIME | |
| INDIRECT COSTS OF A COST OBJECT | |
| INDIRECT MANUFACTURING COSTS | |
| INVENTORIABLE COSTS | |
| MANUFACTURING-SECTOR COMPANIES | |
| MANUFACTURING OVERHEAD COSTS | |
| MERCHANDISING-SECTOR COMPANIES | |
| OPERATING INCOME | |
| OVERTIME PREMIUM | |
| PERIOD COSTS | |
| PRIME COSTS | |
| PRODUCT COSTS | |
| RELEVANT RANGE | |
| REVENUES | |
| SERVICE-SECTOR COMPANIES | |
| UNIT COST | |
| VARIABLE COST | |
| WORK-IN PROCESS INVENTORY | |
| WORK IN PROGRESS | |
| BREAKEVEN POINT | |
| CHOICE CRITERION | |
| CONTRIBUTION INCOME STATEMENT | |
| CONTRIBUTION MARGIN | |
| CONTRIBUTION MARGIN PER UNIT | |
| CONTRIBUTION MARGIN PERCENTAGE | |
| CONTRIBUTION MARGIN RATIO | |
| COST-VOLUME-PROFIT | |
| ANALYSIS | |
| DECISION TABLE | |
| DEGREE OF OPERATING LEVERAGE | |
| EVENT | |
| EXPECTED MONETARY VALUE | |
| EXPECTED VALUE | |
| GROSS MARGIN PERCENTAGE | |
| MARGIN OF SAFETY | |
| NET INCOME | |
| OPERATING LEVERAGE | |
| OUTCOMES | |
| PROBABILITY | |
| PROBABILITY DISTRIBUTION | |
| PV GRAPH | |
| REVENUE DRIVER | |
| SALES MIX | |
| SENSITIVITY ANALYSIS | |
| UNCERTAINTY | |
| ACTUAL COSTING | |
| ACTUAL INDIRECT-COST RATE | |
| ADJUSTED ALLOCATION-RATE APPROACH | |
| BUDGETED INDIRECT-COST RATE | |
| COST-ALLOCATION BASE | |
| COST-APPLICATION BASE | |
| COST POOL | |
| JOB | |
| JOB-COST RECORD | |
| JOB-COST SHEET | |
| JOB-COSTING SYSTEM | |
| LABOR-TIME SHEET | |
| MANUFACTURING OVERHEAD APPLIED | |
| MATERIALS-REQUISITION RECORD | |
| NORMAL COSTING | |
| OVERABSORBED INDIRECT COSTS | |
| OVERALLOCATED INDIRECT COSTS | |
| OVERAPPLIED INDIRECT COSTS | |
| PROCESS-COSTING SYSTEM | |
| PRORATION | |
| SOURCE DOCUMENT | |
| UNDERABSORBED INDIRECT COSTS | |
| UNDERALLOCATED INDIRECT COSTS | |
| UNDERAPPLIED INDIRECT COSTS | |
| FIXED COSTS/CONTRIBUTION MARGIN PER UNIT | BREAKEVEN NUMBER OF SOMETHING |
| (FIXED COSTS + TARGET OPERATING INCOME)/CONTRIBUTION MARGIN PER UNIT | QUANTITY OF SOMETHING REQUIRED TO BE SOLD |
| CONTRIBUTION MARGIN OF THE UNIT/ REVENUE OF THE BUNDLE | CONTRIBUTION MARGIN PERCENTAGE FOR THE UNIT |
| CONTRIBUTION MARGIN/ OPERATING INCOME | DEGREE OF OPERATING LEVERAGE |
| BUDGETED REVENUES- BREAKEVEN REVENUES | MARGIN OF SAFETY |
| BUDGETED SALES IN UNITS - BREAKEVEN SALES IN UNITS | MARGIN OF SAFETY IN UNITS |
| MARGIN OF SAFETY IN CURRENCY/ BUDGETED (OR ACTUAL) REVENUES | MARGIN OF SAFETY PERCENTAGE |
Created by:
collegestudent
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