Flashcards
Costing
Cards in this deck (5)
- 1Direct CostCan be traced directly to the thing that is being costed.
- 2Indirect Cost (Overhead)This cost cannot be fully traced back to the thing that is being costed.
- 3Absorption CostingA method that tries to include the portion of an overhead that was used by this thing being costed.
- 4Marginal CostThe cost of a specific unit that would no longer exist if that unit was not produced.
- 5Marginal CostingAn alternative to absorption costing whereby only variable costs are absorbed into a product and fixed costs are sent to the income statement.
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- Advanced Diploma PERFORMANCE MANAGEMENT (Costing) Flashcards on Costing, created by Nathan Waghorn on 21/08/2020.
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- Nathan Waghorn
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