3.3 Management Accounting: Costing Flashcards

Decks in this Class (15):

• 1 Intro To Cost Accounting

  1. Intro to cost accounting

  Sample Cards:

  the three elements of costs are,

  classify costs by element,

  classify costs by nature
  21 Cards
  Preview Flashcards
• Extras Specific To The Process Account

  Extras Specific To The process Account

  Sample Cards:

  if there is input from process 1 and the,

  remember that when beginning with the pr,

  opening wip how to value could be valued
  4 Cards
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• Learn

  *****LEARN*****

  Sample Cards:

  inventory buffer,

  re order quantity,

  max inventory level reorder level reorde
  6 Cards
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• Aat Practice And Green Light Errors

  AAT Practice And Green Light Errors

  Sample Cards:

  is fixed cost decrease per unit as selli,

  is stepped cost variable for a certain v,

  another name for stepped cost
  29 Cards
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• Aat E Learning

  AAT E-Learning

  Sample Cards:

  full cost of a product is calculated as,

  how are overheads costs which cannot be,

  boar is calculated how
  8 Cards
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• Revision Needed

  Revision Needed

  Sample Cards:

  classing costs into fixed semi varaiabl,

  classing costs into fixed semi variable,

  classing costs into fixed semi variable
  11 Cards
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• 9 Long Term Decisions

  9. Long-term Decisions

  Sample Cards:

  2 methods to appraise a caper project,

  irr internal rate of return dcf discount,

  decision making criteria when using irr
  12 Cards
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• 8 Short Term Decisions

  8. Short Term Decisions

  Sample Cards:

  break even is,

  break even formula,

  in order to use break even analysis we n
  27 Cards
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• 7 Aspects Of Budgeting

  7. Aspects Of Budgeting

  Sample Cards:

  describe a budget,

  high low method to determine fixed cost,

  what is contribution
  22 Cards
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• 6 Marginal Absorption Activity Based Cos

  6. Marginal, Absorption & Activity Based Costing

  Sample Cards:

  differences marginal and absorption cost,

  what is marginal cost,

  marginal cost per unit comprises
  13 Cards
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• Bpp Q Bank

  BPP Q Bank

  Sample Cards:

  what are types of costing,

  segmented cost conversion cost,

  complying with relevant laws and regs wh
  28 Cards
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• 4 Overheads Expenses

  4. Overheads & Expenses

  Sample Cards:

  overheads are,

  prime cost is,

  what to note about direct costs
  22 Cards
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• 5 Methods Of Costing

  5. Methods Of costing

  Sample Cards:

  what are the unit costs that can be calc,

  job costing is used where,

  batch costing is used where
  18 Cards
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• 3 Labour Costs Not Complete

  3. Labour Costs (not complete)

  Sample Cards:

  labour payment methods are,

  how are overtime and bonus payments hand,

  idle time and time spent training
  8 Cards
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• 2 Materials Costs Not Complete

  2. Materials Costs not complete

  Sample Cards:

  re order level,

  maximum order quantity,

  economic order quantity eoq
  8 Cards
  Preview Flashcards