Chapter 17: Managerial Acct is more flexible and is based off of company vision or direction Job Costing: cost based off labor and material Process Costing: cost based off the process ex. Painting 1 cost Activity Costing: ...
Chapter 20: process costing accumulates the total cost of production and allocates it proportionately to output Chapter 21: Everything starts with the sales budget Budgets quantify future expectations Aids in overall plans...
Chapter 24: Future Value: Or compound interest; amount that a current payment (or stream of payments) will grow in time; includes interest on previous interest based on frequency of compounding Internal Rate Of Return: Als...
Chapter 23: Absorption Costing: Also known as full costing a costing method where inventory absorbs direct costs and variable and fixed factory overhead Contribution Income Statement: An internal report that identifies ea...
Chapter 20 Quiz 3 Student: ___________________________________________________________________________ 1. A production department's output for the most recent month consisted of 10,000 units completed and transferred to...
204 Quiz 2 Ch 19 & 20 Student: ___________________________________________________________________________ 1. A job order production system would be appropriate for a company that produces which one of the following ite...
Chapter 1 Wednesday, January 18, 2017 7:33 AM Financial Accounting: argeted towards external users Managerial Accounting: Targeted towards specific needs of management (used for business planning) Public Accounting: Provid...
Chapter 14 Tuesday, April 18, 2017 10:34 PM Par value: Stated value or face value. is an arbitrary amount assigned to each share of stock when it is authorized. Market price:is the amount that each share of stock will sell...
Chapter 3 Tuesday, February 7, 2017 11:37 AM Accounting income based on historic cost. RevenueExpenses= NET INCOME Gains: *occasional transactions* Generated by selling things like buildings, land, or equipment when you ma...
permacharts MT FINANCIAL STATEMENTS • Financial statements are documents that are BALANCE SHEET (B/S) STATEMENT OF RETAINED EARNINGS (SRE) ...
Advance your knowledge with our advanced Accounting II! This companion Guide to Accounting I develops the reader’s understanding of balance sheets before moving into an effective summary of how assets are treated for accou...
Specialized Accounting quick reference information in one handy place! This Guide provides specialized reference material that flows naturally from the contents of its companion Guides Accounting I and Accounting II. The t...
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