An example of this cost would be the accountant's salary.
What is Period Cost?
100
These are the inventory types in Managerial Accounting.
What are Raw Materials, Work in Process, and Finished Goods?
100
This is what you get when Applied Manufacturing Overhead is larger than the Actual Manufacturing Overhead.
What is Over Applied Manufacturing Overhead?
100
The original cost of my house is an example of this type of cost if I am trying to sell it.
What is Sunk Cost?
200
This is the cost system Microsoft uses when building the Xbox.
What is Process Costing?
200
These are the costs that are included in Manufacturing Overheard
What are ALL Indirect Costs?
200
This account can be found if given Direct Materials Used, Purchases of Raw Materials, and Beg Raw Materials Inventory.
What is Ending Raw Materials Inventory?
200
This is what you get when Actual Manufacturing Overhead is larger than the Applied Manufacturing Overhead.
What is Under Applied Manufacturing Overhead?
200
This is the linear formula, in Managerial Accounting terms, that is used during the High-Low Method.
What is TC = FC + VC?
300
This is the cost system that Ferrari would use?
What is Job-Order Costing?
300
The cost of the PRNDL (gear shift) in a car is an example of this cost.
What is Direct Cost?
300
By subtracting Manufacturing Overhead, Beg Work in Process Inventory, and Direct Materials Used and adding Ending Work in Process Inventory from Cost of Goods Manufactured, this is left.
What is Direct Labor?
300
This is the effect on Manufacturing Overhead if a company gives the security guard, who watches the factory, a raise.
What is an Increase in Manufacturing Overhead?
300
DAILY DOUBLE: This is the journal entry for recording Depreciation.
Depreciation Expense xx
Accumulated Depreciation xx
400
This is the formula for determining the Predetermined Overhead Rate.
What is Estimated Overhead / Estimated Units of Cost Driver?
400
This is what you look at when you are deciding between SJU and Temple.
What is Differential Cost?
400
The Manufacturing Costs are added to this to find the Cost of Goods Manufactured.
What is Net Work in Process Inventory?
400
This is the Over/Under Applied amount of MOH, given: POHR of 3.7; Estimated MOH of 41,000; Actual Machine Hours of 12,000; Estimated Machine Hours of 11,000; and Actual MOH of 50,000.
What is $5,600 Under Applied?
400
If my cost of making an individual pizza increases, this is the effect on the Contribution Margin.
What is Decreases?
500
This is the Applied MOH, given: POHR of 3.7; Estimated MOH of 41,000; Actual Machine Hours of 12,000; Estimated Machine Hours of 11,000; and Actual MOH of 50,000.
What is $44,400?
500
These are the costs that should be taken into consideration when making business decisions.
What are Relevant Costs?
500
This is the order in which the Manufacturing Costs flow.
What is Direct Materials Used, Cost of Goods Manufactured, and Cost of Goods Sold.
500
This is the journal entry for adjustment of Manufacturing Overhead given that we Over Applied by $3,000, which is immaterial.
Manufacturing Overhead 3,000
Cost of Goods Sold 3,000
500
This is a cost that is long-term and cannot be significantly reduced in the short-term. (Hint: 3 Words)