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ACCT -COST

Quiz1

TermDefinition
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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