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Trey Leatherman
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Decks in this class (19)
Week 1 (Cost Behavior)
Term used to describe how costs c...,
What are the 3 classifications of...,
Variable costs ________ change in...
20
cards
Week 1 formulas (Cost Behavior)
Variable cost per unit high low m...,
Total fixed cost equation,
Contribution income statement
3
cards
Week 2 (Cost-Volume-Profit)
One of the most powerful tools th...,
What are the 4 basic elements of ...,
Represents the amount of revenue ...
12
cards
Week 2 formulas (Cost-Volume-Profit)
Total contribution margin equation,
Contribution margin per unit equa...,
Contribution margin ratio equation
10
cards
Week 3 (Relevant costing)
Consists of choosing among altern...,
Are tactical decisions short or l...,
Bc tactical decisions tend to be ...
30
cards
Week 3 formulas (Relevant costing)
Make or buy decision rule equation,
Keep or drop decision rule equation,
Special order decision rule equation
7
cards
Week 5 (Cost concepts)
Are the costs incurred in the pro...,
What are the 3 manufacturing costs,
Are raw materials that become an ...
28
cards
Week 5 (Cost concepts) formulas
Direct material used equation,
Cost of goods manufactured equation,
Cost of goods sold equation
5
cards
Week 6 (Job order costing)
Used to apply overhead to product...,
1 direct labor hours2 machine hou...,
Represents the amount of overhead...
24
cards
Week 6 (Job order costing) formulas
Pdr equation,
Applied overhead equation,
Cost of goods manufactured equati...
4
cards
Week 7 (Process Costing)
What are the 2 traditional types ...,
Represents the system used by a c...,
A company produces many unit of a...
10
cards
Week 7 (Process Costing) formula
Unit costs equation,
Cost of goods completed and trans...,
Cost of ending work in process we...
6
cards
Week 10 (Absorption & variable costing)
The 2 general approaches for valu...,
Product costs of absorption costing,
Period costs of absorptions
10
cards
Week 11 (Standard costing)
Are benchmarks or norms for measu...,
2 types of standards,
Specify how much should be paid f...
25
cards
Week 11 Standard costing formulas
Dm price variance equation,
Dm quantity variance equation,
Dm sh equation
11
cards
Week 12 Budgeting
A comprehensive financial plan fo...,
2 phases a budget assist on,
Developing objectives for acquisi...
18
cards
Week 12 Budgeting formulas
Total units needed equation,
Direct materials purchases budget,
Direct labor budget
6
cards
Week 13 Capital Budgeting
Is the process of planning and ev...,
1 equipment purchase decision2 eq...,
1 net present value npv method2 i...
28
cards
Week 13 Capita Budgeting formulas
Net present value npv equation,
Internal rate of return factor eq...,
Represents the length of time it ...
7
cards
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Accounting 2
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Accounting 1/2
- 9 decks
- 189 flashcards
- 2 learners
Decks:
Unit 1 Test 1, Unit 1 Test 2, Unit 1 Area Of Study 2, And more!
