"Test bank on cost accounting 12 edition" Essays and Research Papers

Sort By:
Satisfactory Essays
Good Essays
Better Essays
Powerful Essays
Best Essays
Page 12 of 50 - About 500 Essays
  • Good Essays

    Full Cost Accounting

    • 554 Words
    • 3 Pages

    Full Cost Accounting What is full cost accounting? What are the advantages and disadvantages of full cost accounting? Full cost accounting is defined as being the practice of collecting and presenting all of the costs that are connected with the production of a product or a service. Some of these costs can be described as direct‚ indirect‚ and variable costs‚ though they may vary by business. Full cost accounting has several advantages when used appropriately. It can lead to better and

    Premium Costs Cost Decision making

    • 554 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Historical Cost Mean? A measure of value used in accounting in which the price of an asset on the balance sheet is based on its nominal or original cost when it was acquired by the company. The historical-cost method is used for assets in the United States under generally accepted accounting principles (GAAP). Cost concepts and terms 1. Cost The amount of expenditure (actual or notional) incurred on or attributable to a specified article‚ product or activity is referred to as cost. 2

    Premium Costs Variable cost

    • 7133 Words
    • 29 Pages
    Powerful Essays
  • Good Essays

    Accounting Test Questions

    • 875 Words
    • 6 Pages

    statement nor disclosed. 3. The cost of customer premium offers should be charged to expense: A. When the related product is sold. B. When the premium offer expires. C. Over the life cycle of the product to which the premium relates. D. When the premiums are claimed. 4. The accounting concept that requires recognition of a liability for customer premium offers is: A. Periodicity. B. Conservatism. C. Historical cost. D. The matching principle. 5. Accounting for cost of incentive programs for frequent

    Premium Bond Interest Depreciation

    • 875 Words
    • 6 Pages
    Good Essays
  • Good Essays

    Cost Accounting Answers

    • 9270 Words
    • 38 Pages

    COSTING 4-1 Cost pool––a grouping of individual indirect cost items. Cost tracing––the assigning of direct costs to the chosen cost object. Cost allocation––the assigning of indirect costs to the chosen cost object. Cost-allocation base––a factor that links in a systematic way an indirect cost or group of indirect costs to cost objects. 4-2 In a job-costing system‚ costs are assigned to a distinct unit‚ batch‚ or lot of a product or service. In a process-costing system‚ the cost of a product

    Premium Costs Variable cost Cost accounting

    • 9270 Words
    • 38 Pages
    Good Essays
  • Satisfactory Essays

    Test Bank PYC3704

    • 5778 Words
    • 40 Pages

    on behalf of Only for UNISA students doing the module Psychology Research (PYC 3704) © March 2014 2 Psychology Research (PYC 3704) Feedback on previous examination papers (2011 – 2013) Question 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 PYC 3704 - May/June 2011 – Previous examination paper Correct answers and explanations Option 1 is the most correct (pg 4). Proposed (tentative)‚ variables or constructs have not been proven yet. Option 2 - Hypothesis is an intelligent

    Premium Null hypothesis Statistical hypothesis testing Statistics

    • 5778 Words
    • 40 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Accounting Test with Answers

    • 1287 Words
    • 10 Pages

    Introduction to Financial Accounting  1. A _____  year ends on a date that is determined by the firm‚ perhaps based on its business model (for  example‚ many retailers choose the end of January).    physical  natural  fiscal  business cycle  Normal  ANS: C  2.  An income statement connects two successive _____ through its effect on retained earnings.    a. balance sheets  b.  cash flow statements  c.  cash receipts and disbursement statements  d.  funds flow statements  e.  financing statements 

    Premium Income Tax Income tax

    • 1287 Words
    • 10 Pages
    Satisfactory Essays
  • Better Essays

    Fundamentals of Cost Accounting

    • 42084 Words
    • 169 Pages

    Define cost object and give three examples Cost object is defined as “Anything for which a separate measurement of cost is desired”. The term cost object and cost objective is synonymous. Cost object may refer to a process‚ a cost centre‚ and cost units. Cost unit is a quantitative unit of product or service in relation to which cost are ascertained. Cost centre is a location‚ function or item of equipment in respect of which cost are ascertained. 2. Define cost accumulation

    Premium Costs Management accounting

    • 42084 Words
    • 169 Pages
    Better Essays
  • Powerful Essays

    Purpose of Cost Accounting

    • 3624 Words
    • 15 Pages

    9:40 M Page 9 PART I Purpose of Cost Accounting 9 CH01_Bragg_36794 3/13/01 9:40 M Page 10 CH01_Bragg_36794 3/13/01 9:40 M Page 11 CHAPTER 1 Role of Cost Accounting When properly implemented‚ the cost accounting function can have a pervasive influence in the modern corporation. Unfortunately‚ it is not always properly implemented because management often is not completely aware of all the uses to which the cost accounting function can be put. This chapter describes

    Premium Costs Cost Management accounting

    • 3624 Words
    • 15 Pages
    Powerful Essays
  • Good Essays

    Historical cost is a traditional method of recording assets and liabilities at their original or nominal value without making adjustments for inflation. It first came in evidence in Jun 1979 in a French project after numerous debates. The historical cost principle states that the asset should include all cost necessary to get the asset in place and ready for use. The principle of historical cost is based upon two fundamental principles: the principle of monetary standardization and principle of

    Premium Generally Accepted Accounting Principles Balance sheet Depreciation

    • 879 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Cost Accounting System

    • 1155 Words
    • 5 Pages

    a) COST ACCOUNTING Cost accounting system is the part of management accounting that makes budget‚ actual cost of operations‚ analysis of variance and profitability of social use of funds. Cost accounting helps the manager in decision making regarding the reduction of the cost of the company and in improving the profitability. Cost accounting system is primarily used for internal managers therefore it does not need to follow the standards of GAAP. Cost accounting is also considered very important

    Premium Variable cost Costs Economics of production

    • 1155 Words
    • 5 Pages
    Better Essays
Page 1 9 10 11 12 13 14 15 16 50