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Cost Classification

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Management Accounting

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cost classification
management
accounting
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Deyanira Adame Yorba
Deyanira Adame Yorba
México

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Crucigrama

Cost ClassificationVersión en línea

Management Accounting

por Deyanira Adame Yorba
1

This term is somewhat misleading because it seems to imply unprocessed natural resources like wood pulp or iron ore. Go into the final product.

2

The loss of potential gain from other alternatives when one alternative is chosen. This helps individuals and organizations make better choices by considering the alternatives.

3

Is all indirect costs incurred during the production process. This cost is applied to the units produced within a reporting period.

4

Is a cost cannot be easily and conveniently traced to a specified cost object.

5

Can be obtained from selling one more unit of product and the cost involved in producing one more unit of product.

6

They are all the costs that must be considered when carrying out an analysis to make a decision.

7

Include all cost involved in acquiring or making a product. They are also known as inventoriable costs

8

Is a cost that can be easily and conveniently traced to a specified cost object.

9

Is a cost composed of a mixture of both fixed and variable components. Costs are fixed for a set level of production or consumption, and they become variable after this production level is exceeded.

10

Is a cost that has already been incurred and that cannot be changed by any decision made now or in the future. Money that has been spent and cannot be recovered

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