intro
the third element of manufacturing cost is _________________ and consists of _____________________
What is manufacturing overhead?
it consists of all manufacturing cost except direct material and direct labour
The difference in cost between two alternative costs
What is differential cost?
The types of Accounting that CAPE examines
What is Financial, and Cost and Management Accounting?
A part or activity of an organisation about which the managers would like cost data
What is a segment?
ASC is located in the village of
Where is Golden Grove?
The author of our text book is
Who is Noreen/Garrison?
the difference in revenues between two alternatives
What is differential revenue?
Financial accounting is concerned with reporting financial information to external parties, while Managerial accounting is concerned with _______________
providing information to managers for use within the organisation
Net income plus selling and administrative expenses =
What is gross profit/gross margin?
The number of books in the Bible
What is 66?
Non-manufacturing cost consists of
What is selling and administrative cost?
a differential cost is also known as
What is an incremental cost?
in accounting, is it necessary to follow GAAP
Yes, but only for financial accounting
a plan for the future expressed in quantitative terms
What is a budget?
Antigua has ____ parishes
What is 6?
The credo of management accountants
What is 'creating value through values'
The benefit given up when one alternative is chosen over the other
what is Opportunity cost?
Which is correct?
a.financial statements are mandatory for financial and management accounting
b. financial statements are mandatory for financial but not management accounting
c. financial statements are not mandatory for either financial or management accounting
What is b?
Sales less variable expenses =
What is contribution margin?
the Head of the Department of Liberal Arts
Who is Mr D. Simon?
Product cost is also called
What is inventoriable cost?
A cost that has already been incurred and cannot be changed
What is sunk cost?
the three broad, but vital activities performed in management accounting are
What is Planning, controlling and decision making?
A report that compares budgeted and actual data
What is a performance report?
The square miles of Antigua and Barbuda
What is 176?