Managerial Accounting

5. direct manufacturing costs
6. traced to a cost object in a cost-effective way
10. total revenue = total cost
11. cost object is a unit of a distinct product or service
12. type of accounting that measures, analyzes, and reports to internal parties
15. costco house brand
18. sequence of business functions that add usefulness to products or services
20. all costs of a product that are considered an asset when incurred
23. all manufacturing costs other than direct materials
25. constant in total within a relevant range of output
28. cost object is many units of identical or similar products or services
29. retails at $1.50 at Costco
30. collection of cost data

1. excess of budgeted revenues over breakeven revenues
2. resource sacrificed or foregone to achieve a specific objective
3. allocates total overhead using one allocation rate
4. statistical method of quantitative analysis
7. systematically links an actual cost pool to a distinct cost object
8. change in total proportion to changes in output within a relevant range
9. Mark's preferred way of travelling
13. tool to refine costing systems that identifies individual activities as the cost objects
14. cannot be traced to a cost object in a cost-effective way
16. acquisition costs of all materials that become part of the cost object and can be traced in short
17. compensation of manufacturing labour that can be traced to a cost object in short
19. simple method of quantitative analysis
21. any product, machine, service, or process for which cost information is accumulated
22. expensed in the period incurred
24. manufacturing costs related to the cost object that cannot be traced, abbr.
26. bulk wholesaler and Mark's favourite store
27. type of accounting that focuses on reporting to external parties