Term
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Definition
| costs assouciated with gen. management of an org rather than with manufact. or selling. |
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Term
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Definition
| detalailed plan for future. |
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Term
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Definition
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Term
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Definition
| cost reaction to activity |
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Term
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Definition
| anything for which cost data are desired |
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Term
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Definition
| product that has been completed but not yet sold |
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Term
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Definition
| cost that remains constant regardless of levels of productions, within range or limits |
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Term
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Definition
| increase in cost btwn two alternatives |
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Term
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Definition
| labor costs not directly linked to manufacturing such as janators or office personel |
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Term
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Definition
| manufacturing costs except for DL or DM |
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Term
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Definition
| costs taken directly to income statemnt as expenses in period in which they occur |
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Term
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Definition
| costs involved in making or aquiring prod, not expensed immidiately. DL, DM, and MOH |
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Term
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Definition
| selecting course of action and implementing it. |
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Term
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Definition
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Term
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Definition
| schedule showing dm, dl, and moh |
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Term
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Definition
| cost that is forgone and cant be changed |
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Term
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Definition
| cost that varies in total in response to amount manufact. constant per unit. |
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Term
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Definition
| anything that slows down production at a certain point. |
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Term
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Definition
| decision making dropped down a few levels to management level in order to make decisions at a quicker rate. |
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Term
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Definition
| process used to id risks and deal with them |
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Term
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Definition
| production and inventory control system that requires a cust order first |
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Term
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Definition
| position in an org that is directly related to organization objective |
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Term
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Definition
| method that relies on cust feedback and data gathering to drive improvement |
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Term
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Definition
| position that supports indirect company or organization objective |
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Term
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Definition
| management approach to improves and manages constraints |
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Term
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Definition
| units that are not yet completed and are still being made/produced |
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Term
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Definition
| measure of activity such as direct labor hours or machine horus that is used to assign costs to cost objects |
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