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Accounts Theory - Cost and Management

This class was created by Brainscape user martina vassallo. Visit their profile to learn more about the creator.

By: martina vassallo
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Decks in this class (10)

Inventory
Two reasons why it is necessary f...,
List four stock levels that can b...,
Briefly describe the term economi...
6  cards
Overhead Absorption
Describe allocation apportionment...,
Describe how a blanket rate is ca...,
Explain one advantage of using a ...
4  cards
Cost-Volume-Profit Analysis
Distinguish between variable semi...,
Why is it important to distinguis...,
Indicate the potential effect tha...
6  cards
Process Costing
Describe the accounting underlyin...,
Distinguish between normal and ab...,
Provide two examples of industrie...
5  cards
Chapter 1 - Introduction
Describe four differences between...,
Why does the business require man...
2  cards
Decision-Making
Distinguish between relevant and ...,
Two considerations that a company...,
Describe an adequate business pla...
4  cards
Budgets
Explain the main differences betw...,
Why is a cash budget important,
What is a flexible budget and wha...
3  cards
Variances
What are ideal standards,
What are attainable standards,
What is the purpose and importanc...
6  cards
Labour Costing
What are the advantages of a piec...,
What is job costing,
What is labour turnover
8  cards
Marginal and Absorption Costing
Name an advantage and disadvantag...,
Name an advantage and disadvantag...
2  cards

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Accounts Theory - Cost and Management

  • Class purpose General learning

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