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[Show more]Absorption Costing - ️️A costing method that includes all manufacturing costs: 
direct costs, direct labor, and both variable and fixed manufacturing costs. 
Overapplied Overhead - ️️A credit balance in the Manufacturing Overhead account 
that occurs when the amount of overhead cost applied ...
Preview 1 out of 2 pages
Add to cartAbsorption Costing - ️️A costing method that includes all manufacturing costs: 
direct costs, direct labor, and both variable and fixed manufacturing costs. 
Overapplied Overhead - ️️A credit balance in the Manufacturing Overhead account 
that occurs when the amount of overhead cost applied ...
Lean Production - ️️a management approach that organizes resources such as 
people and machines around the flow of business processes and that only produces 
units in response to customer orders 
Managerial Accounting - ️️concerned with providing information to managers for 
use within the o...
Preview 2 out of 5 pages
Add to cartLean Production - ️️a management approach that organizes resources such as 
people and machines around the flow of business processes and that only produces 
units in response to customer orders 
Managerial Accounting - ️️concerned with providing information to managers for 
use within the o...
Semi-perishable subsistence - ️️Foods not subject to rapid spoilage, usually 
canned or packaged foods & can be stored without refrigeration 
To keep moisture, nutritive value and to prevent food from drying out - ️️Why do 
you keep food covered? 
FM 30 - ️️Fundamental principal for larg...
Preview 2 out of 6 pages
Add to cartSemi-perishable subsistence - ️️Foods not subject to rapid spoilage, usually 
canned or packaged foods & can be stored without refrigeration 
To keep moisture, nutritive value and to prevent food from drying out - ️️Why do 
you keep food covered? 
FM 30 - ️️Fundamental principal for larg...
administrative - ️️c. _________ costs = period costs 
1. accounting 
2. president's salary 
3. IT 
direct materials - ️️the raw materials used to create inventory 
- ️️direct materials example: 
steel, glass, electric wire --> build a boat 
direct labor - ️️the labor costs that c...
Preview 2 out of 5 pages
Add to cartadministrative - ️️c. _________ costs = period costs 
1. accounting 
2. president's salary 
3. IT 
direct materials - ️️the raw materials used to create inventory 
- ️️direct materials example: 
steel, glass, electric wire --> build a boat 
direct labor - ️️the labor costs that c...
Committed fixed Costs - ️️Investments in facilities, equipment, and basic 
organizational structure that can't be significantly reduced even for short periods of time 
wihtout making fundamental changes. 
Contribution Approach - ️️An income statement format that organizations costs by 
thei...
Preview 1 out of 3 pages
Add to cartCommitted fixed Costs - ️️Investments in facilities, equipment, and basic 
organizational structure that can't be significantly reduced even for short periods of time 
wihtout making fundamental changes. 
Contribution Approach - ️️An income statement format that organizations costs by 
thei...
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