POLS 1150 Lecture Notes - Lecture 1: Liquid Oxygen, Outsourcing, Historical Cost
Document Summary
Chapter 4: wages for workers and supervisors: direct labor. 2: cost object: something that you will want to ask, how much does this cost? ; this is. : overhead important because if we want to calculate the accumulated cost, we have to idenify cost objects/objecives and cost drivers: there is a cost driver for every cost object. Number of hours used, number of equipment you have, units of producion (the more units you have, the more worn down the machine will be) Number of workers, work hours, machine usage hours. Number of products, number of workers, the media plaform that is being used to adverise. Number of workers, number of units shipped, hours worked. Number of workers, number of units shipped, shipping distance, equipment used. Number of units sold/repaired, number of workers, hours worked, replacement products. Number of units sold/repaired, replacement products, equipment used.