This class was created by Brainscape user Trey Leatherman. Visit their profile to learn more about the creator.
By:
Trey Leatherman
- decks
- flashcards
- learners
Decks in this class (59)
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 lectures Allocation of support department costs, common costs, and revenues
2 types of departments 1,
Production line factory segment w...,
Information systems 3
17
cards
Ch. 16.1 Allocating support department costs using the single rate and dual rate methods
Department that directly adds val...,
Department that provides the serv...,
2 questions asked when allocating...
21
cards
16.3 Allocating costs of multiple support departments
3 steps in allocating cost of mul...,
Supervision costs are an 2,
Rent utilities and insurance cost...
13
cards
16.4 Allocating common costs
The cost of operating a facility ...,
2 methods of allocating common co...,
Determines the weighhts for cost ...
10
cards
16.6 Bundled products and revenue allocation methods
Inflows of assets received for pr...,
When revenues are related to a pa...,
Anythign for which a seperate mea...
12
cards
Ch 17. ... Lecture
The costs of a production process...,
The juncture in a joint productio...,
All costs manufacturing marketing...
15
cards
17.3 Approaches to allocating joint costs
2 approaches to allocate joint co...,
3 method to allocated joint costs...,
Do managers favor allocating join...
24
cards
17.4 Choosing an allocation method
Which method of allocating joint ...,
4 reasons why when selling price ...,
1 measure of benefits received 3
15
cards
17.6 Accounting for byproducts
Joint production processes can yi...,
2 methods of byproduct accounting 2,
Recognizes byproducts when they a...
7
cards
CHh.18
2 costing systems 1,
The cost object is a unit or mult...,
The cost object is masses of iden...
11
cards
18.2 Case 1: Process costing with no beginning or ending WIP inventory
Seperate costs into cost categori...,
When ____ or ___ units of product...,
What is case 1 for process costing 3
5
cards
18.3 Case 2: process costing with zero beginning and some ending WIP inventory
What is case 2 of process costing 1,
5 steps in process costing 2,
Derived amount of output calculat...
4
cards
18.4 Case 3: process costing with some beginning and some ending WIP inventor
What is case 3 of processing cost 1,
2 key mehods for case 3 2,
Calculates the cost per equivalen...
14
cards
18.5 Transferred in costs in process costing
Costs incurred in previous depart...,
Are treated as if they are a sepe...,
When successive departments are i...
8
cards
Ch. 19 Spoilage, rework, and scrap
Units of production that do not m...,
Units of production that do not m...,
Residual material that results fr...
10
cards
19.2 two types of spoilage
Is spoilage inherent in a particu...,
The costs of normal spoilage are ...,
Normal spoilage costs are invento...
8
cards
19.3 spoilage in process costing using weighted average and FIFO
The stage of the productioon proc...,
Five steps for process costing fr...,
Total spoilage equation 3
5
cards
19.5 job costing and spoilage
Normal spoilage costs in job cost...,
The costs of abnormal spoilage are 2,
When assigning costs job costing ...
3
cards
19.6 job costing rework
Refers to units of productin that...,
Normal rework attributable to 2,
Normal rework common to 3
7
cards
19.7 accounting for scrap
Residual material that results fr...,
Is there a distinction between no...,
2 aspects of accounting for scrap 3
8
cards
More about
Cost Accounting
- Class purpose General learning
Learn faster with Brainscape on your web, iPhone, or Android device. Study Trey Leatherman's Cost Accounting flashcards now!
How studying works.
Brainscape's adaptive web mobile flashcards system will drill you on your weaknesses, using a pattern guaranteed to help you learn more in less time.
Add your own flashcards.
Either request "Edit" access from the author, or make a copy of the class to edit as your own. And you can always create a totally new class of your own too!
What's Brainscape anyway?
Brainscape is a digital flashcards platform where you can find, create, share, and study any subject on the planet.
We use an adaptive study algorithm that is proven to help you learn faster and remember longer....
Looking for something else?
Cost Accounting
- 6 decks
- 298 flashcards
- 109 learners
Decks:
Cost Exam 1 Ch 1 4, Process Costing, Cost Exam 2 Ch 5 7, And more!
accounting
- 31 decks
- 1706 flashcards
- 1554 learners
Decks:
Chapter 1, Powerpoint 1, Powerpoint 2, And more!
