Cost Accoutning-Prelim
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31 Terms
What is cost accounting?
What is Financial Accounting?
What is Management Accounting?
What are the Business Operations & Inventory?
What is Merchandising Business?
What is Manufacturing Business?
What are the three inventory accounts for a manufacturing business?
What is raw materials?
What is Work in Process Inventory?
What is Finished goods inventory?
What is the manufacturing inventory flow?
What is cost classification by function? (Manufacturing Cost)
What is Direct Materials?
What is Direct Labor?
What is Manufacturing Overhead?
What are non-manufacturing cost?
What is Selling Expense?
What is General and Administrative Expenses?
What is product costs vs period costs?
What is direct cost?
What is indirect costs?
What is Variable Costs?
What is fixed costs?
What is Mixed Costs?
What is Prime Costs?
What isConversion Costs?
What is High-low method?
What is Actual Costing?
What is normal costing?
What is standard costing?