Basic Finance

2. Sales minus full absoprtion cost.
5. The business functions associated with increasing the usefulness of the products of an organization.
8. Costs resulting from the use of raw materials, a facility, or a service that benefits several products or departments.
10. The analysis and management of the activities focuses management's attention to enchance those activities that add value to the costumer and eliminate those that do not add value.
11. Reporting designed to enchance the ability of management to do its job of decision making, planning, and control.
12. Sales minus the full cost of the product.
13. The internal accountant who records and analyzes costs and works on terms with other organization members for analysis and decision making.
16. The method of costing that assigns all types of manufacturing costs to units produced, required by GAAP.
17. The functional relations between changes in activity and changes in cost.

1. Costs that change as activity levels change.
3. The person who is in charge of cost and managerial accounting. (Also decision making, planning, etc.)
4. Activity that increases the product's service to the costumer.
6. The accounting for assets, liabilities, equities, revenues and expenses of a business.
7. Sales minus all variable expenses.
9. The person who is in charge of the entire accounting and finance function.
14. The person who is in charge of raising cash for operations and managing cash and near-cash assets.
15. audit An audit conducted by employees inside the organization to test whether internal control procedures are working and whether the company's policies are being carried out.
16. Expenditures or expenses that do not vary with volume of activity, at least in the short run.