Managerial Accounting |
Contents
SECTION | 1 |
LOCATION OF THE ACCOUNTING FUNCTION | 7 |
CRITERIA FOR EVALUATING ACCOUNTING REPORTS | 16 |
Copyright | |
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Common terms and phrases
absorption costing Acme Corporation activity Actual Overhead AICPA adapted amount analysis applied overhead assigned balance basis beginning inventory breakeven point by-product calculated cash charged co-products Company control account cost allocation cost per unit cost-volume-profit CVP analysis decisions determine direct costing direct labor hours Direct Materials Division divisional dollar employees ending inventory equivalent units estimated evaluate example Exhibit expected expenses Factory Overhead FIFO finished-goods inventory firm fixed costs flexible budget Gross Profit income statement input Job Order joint costs joint products managerial accountant manufacturing measure method month net income net realizable value number of units operating departments organization overhead costs payroll performance period plant process costing production costs profit purchased raw materials record responsibility accounting revenue selling service department costs sold split-off point taxes tion total cost traceable transfer price units of Product units produced variable costs variance volume WIZZARD work-in-process inventory