Create
Learn
Share

Q1

rename
edxvii's version from 2015-09-06 07:32

Section 1

Question Answer
Sacrified resource to reach specific objectiveCost
Incurred costActual Cost
Predicted costBudgeted Cost
Anything of interest for which cost is desiredCost Object
Collection of cost data in organized mannerCost Accumulation
Gathering accumulated costs to a cost objectCost Assignment
Accumulated Costs with direct relationship to cost objectTracing/Direct
Accumulated Costs with indirect relationship to cost objectAllocating/Indirect
memorize

Section 2

Question Answer
Direct CostTraceable
Indirect CostNot traceable
Variable CostVarying in total; constant per unit
Fixed CostVarying in unit; constant per total
Product/Manufacturing/Inventoriable CostDL + DM + MO
Period/Non-Manufacturing/Operating CostSelling, Administrative
Prime CostDL + DM
Conversion CostDL + MO, process
memorize

Recent badges