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Quiz1

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Term
Definition
ACTUAL COST   show
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BUDGETED COST   show
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CONVERSION COSTS   show
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COST ALLOCATION   show
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COST DRIVER   show
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COST OBJECT   show
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COST OF GOODS MANUFACTURED   show
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COST TRACING   show
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DIRECT MANUFACTURING LABOR COSTS   show
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FACTORY OVERHEAD COSTS   show
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FINISHED GOODS INVENTORY   show
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IDLE TIME   show
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INVENTORIABLE COSTS   show
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MANUFACTURING-SECTOR COMPANIES   show
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MANUFACTURING OVERHEAD COSTS   show
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MERCHANDISING-SECTOR COMPANIES   show
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OPERATING INCOME   show
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OVERTIME PREMIUM   show
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PRODUCT COSTS   show
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VARIABLE COST   show
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WORK-IN PROCESS INVENTORY   show
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BREAKEVEN POINT   show
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CHOICE CRITERION   show
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CONTRIBUTION INCOME STATEMENT   show
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CONTRIBUTION MARGIN   show
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CONTRIBUTION MARGIN PER UNIT   show
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CONTRIBUTION MARGIN PERCENTAGE   show
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CONTRIBUTION MARGIN RATIO   show
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COST-VOLUME-PROFIT   show
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ANALYSIS   show
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DECISION TABLE   show
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EXPECTED VALUE   show
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GROSS MARGIN PERCENTAGE   show
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MARGIN OF SAFETY   show
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NET INCOME   show
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OUTCOMES   show
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REVENUE DRIVER   show
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SALES MIX   show
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ACTUAL COSTING   show
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JOB-COST RECORD   show
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LABOR-TIME SHEET   show
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MATERIALS-REQUISITION RECORD   show
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OVERALLOCATED INDIRECT COSTS   show
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OVERAPPLIED INDIRECT COSTS   show
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UNDERABSORBED INDIRECT COSTS   show
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UNDERALLOCATED INDIRECT COSTS   show
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FIXED COSTS/CONTRIBUTION MARGIN PER UNIT   show
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(FIXED COSTS + TARGET OPERATING INCOME)/CONTRIBUTION MARGIN PER UNIT   show
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CONTRIBUTION MARGIN OF THE UNIT/ REVENUE OF THE BUNDLE   show
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CONTRIBUTION MARGIN/ OPERATING INCOME   show
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show MARGIN OF SAFETY  
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show MARGIN OF SAFETY IN UNITS  
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MARGIN OF SAFETY IN CURRENCY/ BUDGETED (OR ACTUAL) REVENUES   show
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Created by: collegestudent
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