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Beschreibung
Karteikarten von SHERRI KOEHLER, aktualisiert more than 1 year ago
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Erstellt von SHERRI KOEHLER
vor mehr als 3 Jahre
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| Frage | Antworten |
| Absorption costing | A costing method that includes all manufacturing cost - direct materials, direct labor, and both variable and fixed manufacturing overhead - in unit product costs. |
| Allocation Base | A measure of activity such as direct labor-hours or machine-hours that is used to assign cost to cost objects. |
| Bill of materials | A document that shows the quantity of each type of direct material required to make a product. |
| Cost driver | A factor, such as machine-hours, beds occupied, computer time, or flight hours, that causes overhead costs. |
| Cost-plus pricing | A pricing method in which a predetermined markup is applied to a cost base to determine the target selling price. |
| Job cost sheet | A form that records the direct materials, direct labor and manufacturing overhead cost charged to a job. |
| Job-order costing | A costing system used in situations where many different products, jobs, or services are produced each period. |
| Materials requisition form | A document that specifies the type and quantity of materials to be drawn from the storeroom and that identifies the job that will be charged for the cost of those materials. |
| Multiple predetermined overhead rates | A costing system with multiple overhead cost pools and a different predetermined overhead rate for each cost pool, rather than a single predetermined overhead rate for the entire company. Each production department may be treated as a separate overhead cost pool. |
| Normal cost system | A costing system in which overhead costs are applied to a job by multiplying a predetermined overhead rate by the actual amount of the allocation base incurred by the job. |
| Overhead application | The process of assigning overhead costs to specific jobs. |
| Plantwide overhead rate | A single predetermined overhead rate that is used throughout a plant. |
| Predetermined overhead rate | A rate used to charge manufacturing overhead cost to jobs that is established in advance for each period. It is computed by dividing the estimated total manufacturing overhead cost for the period by the estimated total amount of the allocation base for the period. |
| Time Ticket | A document that is used to record the amount of time an employee spends on various activities. |
| Activity | An event that causes the consumption of overhead resources in an organization. Appendix 2A |
| Activity-based absorption costing | A costing method that assigns all manufacturing overhead costs to products based on the activities performed to make those products. Appendix 2A |
| Activity cost pool | A "bucket" in which costs are accumulated that relate to a single activity measure in an activity-based costing system. Appendix 2A |
| Activity measure | An allocation base in an activity-based costing system; ideally, a measure of the amount of activity that drives the costs in an activity cost pool. Appendix 2A |
| Batch-level activity | An activity that is performed each time a batch is handled or processed, regardless of how many units are in the batch. The amount of resources consumed depends on the number of batches run rather than on the number of units in the batch. Appendix 2A |
| Product-level activity | An activity that relates to specific products and typically must be carried regardless of how many batches are run or units of product are produced and sold. Appendix 2A |
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