Acct 2302 vocab #1 Flashcards
1
Q
cost is a fixed cost that is incurred because of the existence of the segment
A
traceable fixed cost
2
Q
tells us how much I need to sell to make $xxx in profit
A
target profit
3
Q
__________income statement is used for absorption costing
A
traditional
4
Q
__________cost is a fixed cost that supports the operations of more than one segment, but is not traceable to any one segment
A
COMMON FIXED
5
Q
Variable costing and absorption costing NOI can differ because the methods account for _______ differently.
A
FMOH
6
Q
__________income statement is used for variable costing.
A
CONTRIBUTION
7
Q
___________represents the margin available after a segment has covered all of its own costs
A
SEGMENT MARGIN
