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| combo of direct materials and direct labor |
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| aka nonmanufacturing costs |
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| combo of direct labor and manufacturing overhead |
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| (assets) includes work in progress and finished goods |
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| revenue less costs of goods sold (then divided by revenue if a percent) |
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| Job Order v Process Costing |
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| e.g. batch of widgets, printing dept |
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| activity or event is cost driver, eg order setup |
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(Product Revenue - Product Variable Costs)
/ Product Revenue |
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| A position directly engaged in performing the work for which a unit was established |
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| in cost accounting, a way of attempting to separate out fixed and variable costs given a limited amount of data. VC=(HC-LC)/(HU-LU); FC=HC-VC(HU)=LC-VC(LU) |
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