1524931-ACC-310F-Exam-1-Vocab-Flashcards
DM,investments and distributions COGS how much you pay to build/buy a product before you sell it,advertising,amount owed to suppliers of inventory which was purchased on credit and paid within a specific time period- amount owed by the company to the owners accounts receivable asset,utilities,process,advertising,rented equipment,rent for manufacturing mixed costs part variable,advertising costs based on volume,salary of production manager,includes payment for production associates direct material costs costs of materials directly used to make a product dividends distribution of earnings made to
owners,please update your browser. Learn more ACC 310F Exam 1 Vocab STUDY Flashcards Learn Write Spell Test PLAY Match Gravity Created by donnaannquinlan Terms in this set (30) break even point total fixed costs/contribution margins per unit product costs direct material costs + direct labor costs + overhead costs accounting process of identifying,rent for headquarters: not directly related to product costs relevant range time period where fixed costs is the same and the VC/unit doesn't change retained earnings total
net income that hasn't been distributed as dividends variable costs changes directly with volume; remains consistent per unit: COGS used and lost,liabilities,and presenting economic information about entities for the purpose of making decisions and informed judgments accounting cycle transactions -> book-keeping -> financial statements accounts payable liability,salaries; remains consistent with total volume income statements revenues minus expenses; gains and losses resulting from no operating activities rather than day to day operating activities that generate revenue and expenses liabilities what
an entity owes to another entity manufacturing overhead costs costs associated to build a product that may not be directly used to make it: utilities in manufacturing plant,reduces retained earnings fixed costs costs that don't change: rent,utilities YOU MIGHT ALSO LIKE... Business Environment & Concepts (BEC) | CPA Exam SurgentCPAReview $4.99 STUDY GUIDE Introduction to Managerial Accounting 28 Terms kellyallen93 Managerial A2946 51 Terms Jessy_Zhang Acc 85 Terms Xazix1 OTHER SETS BY THIS CREATOR Ch 12 - Nutrients in
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About Company Press Careers Advertise Privacy Ad and Cookie 2946 Quizlet Inc.,and equity book keeping clarifying transactions controller used to designate the chief accounting officer of a corporation managerial accounting concerned with the use of economic and financial information to plan and control many activities of this entity and to support the management
decision making process cost accounting a subset of managerial accounting that relates to the determination and accumulation of product,earnings for the period,OH,cash flows during the period,ACC 310F Exam 1 Vocab Flashcards | Quizlet Search Create Log in Sign up Log in Sign up Oh no! It looks like your browser needs an update. To ensure the best experience,measuring,amounts owed to the company by customers assets amount of resources owned by an entity balance sheet lists assets,expense contribution margin sales
price per unit minus variable cost per unit direct labor costs cost of labor used to directly make a product,wages,or service costs public accounting public accounting firms provide auditing services internal auditing review of financial statements of a single plant or analysis of operating efficiency of entity's activities financial statement financial position at the end of the period,represents the amount due from customers who purchases merchandise on credit and agreed to pay within a specific date,part fixed paid in capital total amount invested in entity by owners period costs administrative