CoboCards App FAQ & Wünsche Feedback
Sprache: Deutsch Sprache
Kostenlos registrieren  Login

Hol' Dir diese Lernkarten, lerne & bestehe Prüfungen. Kostenlos! Auch auf iPhone/Android!

E-Mail eingeben: und Kartensatz kostenlos importieren.  
Und Los!
Alle Oberthemen / Accounting / Accounting II

ACCT Test 1 (11 Karten)

Sag Danke
1
Kartenlink
0
What is a Cost Object?  What is it also known as?  What is an example?
the specific item that causes a cost

aka "Cost Driver"

ex: car, plants, departments, regions
2
Kartenlink
0
Define a Product cost and a Period cost.  How do they differ?
Product cost - cost can be assigned to a specific product AND can be capitalized

Period cost - cost that cannot be assigned to a product AND therefore are not capitalized
3
Kartenlink
0
Give an example of a Product cost and a Period cost.
Product cost - labor, machinery

Period cost - shipping, salesmen, CEO salary
4
Kartenlink
0
What does it mean for something to be "capitalized"?  Is a Product cost or a Period cost capitalized?
When something can be assigned to inventory and placed on a balance sheet, it is "capitalized". 

Product cost
5
Kartenlink
0
What is a Direct cost; Indirect cost?  Give examples.
Direct cost - cost directly to the product (ex: labor for a specific job, this car got these tires)

Indirect cost - cost that can't directly be associated with a product (ex: grease for a robot that makes the car)
6
Kartenlink
0
How is Overhead defined?
the combination of indirect labor and indirect materials
7
Kartenlink
0
How do you find COGM, COGS, and Gross Profit?  (An Intimidating Schedule)
Raw Materials
+Purchased
+BI
-EI           
Raw Materials Used (direct and indirect)

Direct Materials Used
+Direct Labor
+MOH    
Total Manufacturing Costs
WIP
+BI
-EI          
COGM
Finished Goods
+BI
-EI          
COGS

GP= Sales -COGS
8
Kartenlink
0
Define Accumulating cost. 
a cost that must be measured and tracked
9
Kartenlink
0
In terms of strategic positioning, which two general strategies may be chosen by a company?

a. Product differentiation and cost enhancement
b. Cost leadership and product differentiation
c. Increasing customer value and decreasing supplier        orientation
d. Revenue production and cost enhancement
e. Activity based costing and value-chain emphasis
B - Cost leadership and product differentiation
10
Kartenlink
0
What is a Discretionary fixed cost?
example?
advertising

a fixed cost that can be changed

11
Kartenlink
0
What is a committed fixed cost?
example?
a fixed cost that cannot be easily changed

ex: long term contract
Kartensatzinfo:
Autor: savhighsmith
Oberthema: Accounting
Thema: Accounting II
Schule / Uni: UGA
Ort: Athens
Veröffentlicht: 06.07.2010
Tags: Mathews
 
Schlagwörter Karten:
Alle Karten (11)
keine Schlagwörter
Missbrauch melden

Abbrechen
E-Mail

Passwort

Login    

Passwort vergessen?
Deutsch  English