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Ezekiel Fray
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Decks in this class (19)
Chapter 1 - Introduction To Management Accoutning
What does management accounting e...,
What can managers within a busine...,
What is management accounting oft...
31
cards
Chapter 1 - Responsibility Centres
What is a responsibility centre 1,
What are four examples of respons...,
Why do we need a cost centre 3
13
cards
Chapter 1 - Calculating The Cost Of Goods And Services
When can a business make decision...,
What is the first step of calcula...,
What is the second step of calcul...
6
cards
Chapter 2 - Material Costs
Materials inventory is the cost of 1,
What department usually buys mate...,
Why is it important for a busines...
24
cards
Chapter 2 - Inventory Management Calculations
What is the buffer inventory calc...,
What is the reorder level calcula...,
What is the maximum inventory lev...
5
cards
Chapter 3 - Labour Costs
What are labour costs 1,
Give three factors that affect la...,
What type of employee would fall ...
18
cards
Chapter 3 - Labour Payment Methods
When would the time rate payment ...,
When would the piecework rate pay...,
When would the bonus system payme...
7
cards
Chapter 3 - Bookkeeping For Labour Costs
What control account is used to c...,
Bookkeeping for labour costs 2,
Bookkeeping for labour costs 3
9
cards
Chapter 4 - Overheads And Expenses
What costs form the overheads of ...,
What must all the overhead costs ...,
Larger businesses may classify th...
13
cards
Chapter 4 - Re-Apportionment Of Service Department Overheads
Service departments within produc...,
What are the two ways overheads f...,
To make profit a business must en...
4
cards
Chapter 4 - Overhead Absorption Calculations
Overhead absorption calculations 1,
Overhead absorpiton calculations 2,
Overhead absorpiton calculations 3
5
cards
Chapter - 4 Bookkeeping For Overheads
When transfering production overh...,
When crediting over absorbed over...,
When charging under absorbed over...
3
cards
Chapter 5 - Methods Of Costing
Unit costing is 1,
A cost object is a unit of 2,
An example of a cost object in un...
14
cards
Chapter 6 - Marginal, Absorption And Activity Based Costing
What is marginal cost 1,
What can marginal costing help wi...,
For most purpouses marginal costi...
17
cards
Chapter 7 - Aspects Of Budgeting
What is a budget 1,
How do you work out the budgeted ...,
How do you work out the budgeted ...
11
cards
Chapter 7 - Budgets and Variances
In management accounting terms wh...,
Budgets can be used as a method o...,
Actual revenue budgeted revenue 3
13
cards
Chapter 8 - Short Term Decisions
What are the two main types of sh...,
To help with decision making it i...,
Out of relevant costs and irrelev...
21
cards
Chapter 9 - Cash Budgeting
What does a cash budget detail 1,
Why does the cash budget detail t...,
In accounting cash budget terms 3
11
cards
Chapter 9 - Funding Non-Current Assets & Resource Ratios
What are the four most common met...,
Funding non current assets 2,
Funding non current assets 3
12
cards
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Management Accounting Techniques
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