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Trey Leatherman
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Decks in this class (40)
Chapter 1 book
Consisting of small detailed bits...,
A single database that collects d...,
Focuses on reporting financial in...
49
cards
Chapter 1 lecture
Specifies how the organization ma...,
1 research and development r d 2,
Generating and experimenting with...
11
cards
Chapter 2 book
Which cost do managers need to kn...,
The assignment of direct costs to...,
The process of assigning indirect...
21
cards
Chapter 2 Lecture
Can be conveniently and economica...,
Cannot be conveniently or economi...,
A general term that encompasses b...
19
cards
Chapter 10 book + lecture
Linear cost function equation 1,
What is y in y mx b 2,
What is b in y mx b 3
8
cards
Chapter 10 book
Mathematical description of how a...,
Level of activity is placed on the 2,
The amount of total costs corresp...
3
cards
Chapter 13 book
1 competitors 2 potential entrant...,
An organizations ability to offer...,
An organizations ability to achie...
9
cards
Chapter 13 book + lecture
How an organization mathces its o...,
2 broad strategies of business 2,
Is an organizations ability to ac...
21
cards
Exam 1
0
cards
Chapter 4 lecture
Are anything for which a cost mea...,
Of a cost object are costs that c...,
Of a cost object are costs that c...
28
cards
Chapter 4 book (4.1, 4.2, 4.4)
Anything for which a measurement ...,
Costs that are directly related t...,
Costs that related to a particula...
22
cards
Chapter 4 book (4.5, 4.6, 4.7)
Under normal costing is the amoun...,
The subsidiary ledger for materia...,
The allocated amount of indirect ...
13
cards
Chapter 5 lecture
Direct costs are 1,
Indirect costs are 2,
Trade offs to allocation methods 3
24
cards
Chapter 5 book
The cost measurement system repor...,
The cost measurement system repor...,
If a company undercosts one of it...
5
cards
Chapter 6 lecture NOT ON EXAM
The quantitative expression of a ...,
An aid to coordinating what needs...,
A plany which uncludes both finan...
27
cards
Chapter 6 book NOT ON EXAM
0
cards
Chapter 7 lecture
The difference between actual res...,
The practice of focusing attentio...,
Is based on the level of output p...
39
cards
Chapter 7 book
0
cards
Exam 2
0
cards
Chapter 8 Lectures
Indirect materials glue nuts bolt...,
Building property costs rents ins...,
Traces direct costs to output pro...
25
cards
Chapter 8-2
Traces direct costs to output by ...,
Allocates overhead costs based on...,
Standard costing simplifies recor...
20
cards
Chapter 8-3
The difference between actual var...,
The difference between the actual...,
The difference between the actual...
15
cards
Chapter 8-4
The difference between actual fix...,
This is the same as the fixed ove...,
Potential causes include higher e...
8
cards
Chapter 8-5
Reconciles actual overhead incurr...,
Difference between actual variabl...,
Difference between budgeted costs...
9
cards
Chapter 8-6
Is the difference between the sta...,
Is the difference between the bud...,
Is the difference between the sta...
6
cards
Chapter 8 equations
Budgeted variable overhead cost r...,
Variable overhead flexible budget...,
Blank 3
13
cards
Chapter 9 lecture Inventory costing and capacity analysis
The two most common methods of co...,
The choice of variable vs absorpt...,
A method if inventory costing in ...
30
cards
Chapter 9 Book
Fixed manufacturing costs are exc...,
Fixed manufacturing costs are inc...,
Includes all variable manufacturi...
38
cards
Chapter 9.2
0
cards
Chapter 9.4
Only direct materials costs are i...,
Includes only variable manufactur...,
Includes all manufacturing costs ...
12
cards
Chapter 9-5
2 types of capacity concepts in a...,
The maximum output a company can ...,
The maximum output a company can ...
17
cards
Chapter 9-6
Mangers must determine budgeted f...,
Ensures accurate product cost all...,
Helps in setting competitive and ...
25
cards
Chapter 14 lecture Pricing decisions and cost management
4 p s of the marketing department 1,
Pricing ultimately comes down to ...,
3 major factors affecting supply ...
37
cards
Chapter 14-3
Identifies an estimated price cus...,
Is computed to earn the desired p...,
Starts with a target price which ...
8
cards
Chapter 14-4
Costs that if eliminated would re...,
Costs that if eliminated would no...,
Managers need to apply ______ cos...
10
cards
Chapter 14-5
Involves adding a markup to a cos...,
Serves as the starting point for ...,
Is flexible and influenced by cus...
15
cards
Chapter 14-6
Involve eestimating and tracking ...,
Automobile companies 12 15 years 2,
Estimates revenues and costs acro...
9
cards
Chapter 14-7
These include laws that prevent p...,
This involves charging different ...,
These include the sherman act the...
9
cards
Exam 3
0
cards
Chapter 16
2 types of departments 1,
Production line factory segment w...,
Information systems 3
18
cards
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Cost Accounting
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