Cost Accounting and Budgeting for Business Success
Classified in Mathematics
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Cost Accounting and Budgeting Fundamentals
- FOH Allocation: Single Plantwide, Departmental, and Activity-Based Rates
- Advantages of Departmental FOH Rates: It doesn't assign other costs such as depreciation.
- Characteristics of Unit, Batch, Facility, and Product Level
- Activity-Based Costing and the Importance of Activity Drivers
- Importance of ABC Costing
- Importance of Matching Strategic Planning with Pricing, Market Penetration, and Expansion
- Contribution Margin Formula: Sales - Variable Costs (VC)
- Fixed Cost and Variable Cost Behavior
- Break-Even Point Concept and Formula: Level of sales at which contribution margin matches fixed expenses, expressed in dollars.
- Direct Labor (DL) Cost per Unit: Given two different levels of production
- Differences Between