Term
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Definition
| Touch Labor, easily traced |
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Term
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Definition
| integral parts of finished product |
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Term
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Definition
| All costs that are not Direct Labor or Materials |
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Term
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Definition
| All costs involved in securing orders and delivering the finished product to the customer |
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Term
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Definition
| All executive, organizational, and clerical costs associated with the general management of the company |
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Term
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Definition
| All costs involved in acquiring or making a product. Direct Materials, Direct Labor, and Manufacturing Overhead |
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Term
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Definition
| All costs that are not product costs. All Selling and Administrative Costs. |
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Term
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Definition
| Direct Materials + Direct Labor |
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Term
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Definition
| Direct Labor + Manufacturing Overhead |
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Term
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Definition
| Potential benefits given up when one alternative is chosen over another |
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Term
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Definition
| Cost already been incurred and cannot change |
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Term
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Definition
| Difference in cost between two alternatives |
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Term
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Definition
| Only available in large chunks of time |
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Term
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Definition
| Total Mixed Cost = Fixed Cost + Variable Cost Per Unit(Number of Units) |
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Term
| Discretionary Fixed Costs |
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Definition
| Annual Decisions that can be changed from year-to-year |
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Term
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Definition
| Costs that cannot be changed even in the slightest without changing many things |
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Term
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Definition
| Manager controls cost but not Revenue or Investments |
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Term
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Definition
| Manager has control over cost, revenue, and investment |
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Term
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Definition
| Manager has control over Cost and Revenue but no control over investment |
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Term
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Definition
| Manager has control over costs, revenues, or investments. or all. |
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