LU 2 Flashcards
1
Q
types of costs
A
fixed, variable, mixed, step
2
Q
discretionary fixed costs
A
avoidable( training costs, charity)
3
Q
determination of mixed cost elements
A
high low, scatter diagram, regression analysis
4
Q
direct vs indirect
A
direct- food cost, laundry
indirect- management fees, fixed charges
5
Q
overhead cost
A
costs of the mother company
6
Q
spreading overhead costs
A
cost allocation
7
Q
costs
A
overhead, controllable, differential, relevant, sunk, opportunity, avrg incremental, standard
8
Q
relevant cost must be
A
differentiable and future relevant, quantifiable
9
Q
cvp analysis
A
fixed remain fixed linear mixed can be divided into v and f can b assigned to individual op departments only quantitative factors
10
Q
CMRW
A
S-V / S
11
Q
CM
A
S-V
12
Q
operating leverage
A
an extent to which costs are f than v. RISKY IN BOTH WAYS!
