Cost Concepts and Classification flashcards
174 flashcard decks by 108 users · Page 1 of 5
This GoConqr page gathers flashcards on cost concepts and classification, from cost terminology to variance formulas and apportionment. The decks support university students and professional candidates practising costing, and teachers looking for ready-made material. There are over 160 flashcard resources, made by more than 90 users. Explore a deck that fits your revision.
Select topic
- Cost Elements and Product Costs25
- Operating and Start-up Costs8
- Direct and Indirect Costs and Cost Allocation23
- Cost Centres and Cost Coding5
- Cost Behavior and Estimation22
- Job and Process Costing35
- Activity-Based Costing and Management42
- Absorption and Variable Costing28
- Cost-Volume-Profit and Break-Even Analysis40
- Relevant Costs for Decision Making7
- Standard Costing and Variance Analysis18
- Budgeting8
- Cost Management and Target Costing13
Flashcards
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39 cardsChapter 1 Vocab Words Cost/Managerial Accounting All 39 words and their definitions
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43 cardsCost Exam 1 1: Management Accounting Information
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29 cardsBUS 371 - Chapter 4 Terms Cost Accounting Chapter 4 Key Terms
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14 cards26 - marginal costing what actually is marginal costing
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11 cardsVariance Formulas Direct Materials Price Variance At Point of Purchase
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35 cardsFlashcards_Reviewer_Chapter 7 & 8 What is the relationship between responsibility and authority?
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54 cards8. Management Accounting Controlling Tasks - History
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48 cardsCost Classification explain and illustrate production and non-production costs
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50 cardsUntitled The Master Budget
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17 cardsChapter 32: Costs
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43 cardsWeek 6 (mid sem up to here) Major influences on pricing decision
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37 cardsManagement Accounting Financial accounting informs about
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23 cardsChapter 10: Costing and pricing in an entity
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50 cardsKey Terms Elements of costing 2016 specification
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43 cardsCost Final
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22 cards3. Cost Volume Profit (CVP) Analysis Define: Contribution Margin
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40 cardsCost Accounting Cost accounting is a subset of what?
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39 cardsChapter 15 Cost Accounting accounting rate of return (ARR)
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43 cardsAccounting Ch. 9,10,11 Historical experience should be used with caution in setting standards because
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33 cardsAccounting 202 Exam 2 Practice Manufacturing overhead would include:
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39 cardsBUS 371 Chapter 1 Key Terms Bus 371 Chapter 1 Key Terms
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33 cardsChapter 1 - Cost Accounting Terms Peru State College - Cost Terms
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22 cardsChapter 9: Cost-volume-profit analysis Cost-volume-profit (CVP) analysis
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23 cards2. Cost Terminology and Cost Management
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23 cardsBusiness: Section 4: Chapter 19: Costs, scale of production and break-even analysis
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18 cardsMod 1, Appendix: Accounting techniques for supporting operational management
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26 cardsChapter 13 Chapter 13 Cost Accounting
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34 cardsWeek 3 Problems with CPC (conventional product costing)
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26 cardsAccounting Chapter 2 Cost Management The Meaning and Uses of Cost - One of the most important tasks of m. accounting is to determine cost of pro...
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17 cards6. Absorption Costing Define: Variable Costing
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14 cards11. Target Costing Target Costing - Explanation
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23 cardsBUS 371 - Chapter 17 Terms Cost Accounting Chapter 17 Key Terms
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34 cardsAcct Exam 2 Total Contribution Margin Formula
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25 cardsF2 Chapter 3 - Cost classification
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31 cardsWeek 5 Managing of suppliers benefits
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15 cardsAbsorption Costing - Flashcards Absorption Costing Objective
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16 cardsDefinitions What are manufacturing costs?
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35 cardsBUS 371 - Chapter 2 Terms Product Costs/Inventoriable Costs
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39 cardsFor Costing = RETURN ON INVESTMENT
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19 cardsLecture 9 What is a cost?
More Cost Concepts and Classification resources
About cost concepts and classification flashcards
GoConqr OriginalCost concepts and classification flashcards
These decks give you short prompts to work through costing terms and formulas. Chapter 9 Accounting includes contribution, relevant costs, sunk costs and break-even points. Variance Formulas focuses on material and labour variances, while Apportionment covers allocating, apportioning and absorbing overheads.
Choosing and using a deck
Start with Chapter 9 Accounting if you want to revisit a range of terms. Try to explain each one before checking the card. For formula practice, move to Variance Formulas and use the prompts to recall the expressions. For Costing offers another set of calculations, including prime cost and profit.
Flashcards are useful for revisiting individual points. When you want to see how ideas connect, switch to a mind map on the unit page. A quiz there offers a different way to check your understanding after a round of cards.
Choose a deck and work through a few cards at a time.
Frequently asked questions
Which flashcard deck is a good place to start?
Chapter 9 Accounting is a useful starting point for reviewing several terms in one deck. Its cards include contribution, relevant costs, sunk costs and break-even points. If formulas are your priority, Variance Formulas offers prompts on material and labour variances instead.
What do these flashcards cover?
The decks cover cost vocabulary, calculations and ways of assigning costs. For example, Apportionment includes overhead allocation and absorption, while For Costing contains calculations for prime cost, total cost and profit. Other cards cover activity-based costing, contribution and variance formulas.
Are the flashcards free to use?
Yes. Every resource listed here is free to open and study without an account. The decks were made by GoConqr users. A free account also lets you save quiz scores and make your own quizzes, mind maps, flashcards and notes.
Who are these flashcards for?
The collection is mainly suited to university students and professional candidates practising costing terms and calculations. Teachers can also use the ready-made material. Some resources mention AAT, CMA, ICAEW or CIMA P2; check individual decks to see whether their content fits your revision.