Managerial Accounting Definitions – Flashcards
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direct cost
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cost: the wages of a pediatric nurse cost object: the pediatric department
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direct cost
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cost: prescription drugs cost object: a particular patient
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indirect cost
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cost:heating the hospital cost object: the pediatric department
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direct cost
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cost: the salary of the head of pedes cost object: the pedes department
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indirect cost
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cost: the salary of the head of pedes cost object: a particular pede patient
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indirect cost
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cost: hospital chaplain's salary cost object: a particular patient
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direct cost
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cost: lab tests by outside contractor cost object: a particular patient
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direct cost
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cost: lab tests by outside contractor cost object:a particular department
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direct materials
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the cost of a hard drive installed in a computer
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selling
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the cost of advertising in the puget sound computer user newspaper
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direct labors
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the wages of employees who assemble computers from components
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selling
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sales commissions paid to the company's salespeople
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manufacturing overhead
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the wages of the assembly shop's supervisor
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administrative
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the wages of the company accountant
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manufacturing overhead
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depreciation on equipment used to test assembled computer before release to customer
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the rent would most likely be prorated on the basis of the amount of space occupied by manufacturing, selling, and administrative operations
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rent on the facility in the industrial park: a combination of manufacturing overhead, selling, and administrative
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period cost
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depreciation salepersons' cars
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product cost
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rent on equipment used in the factory
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product cost
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lubricants used for machine maintenance
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period cost
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salaries of personnel who work in the finished goods warehouse
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product cost
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soap and paper towels used by factory workers at the end of a shift
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product cost
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factory supervisors' salaries
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product cost
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heat, water and power consumed in the factory
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period cost
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materials used for boxing products for shipment overseas (units are not normally boxed)
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period cost
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advertising costs
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product cost
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workers' compensation insurance for factory lunchroom
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product cost
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depreciation on chairs and tables in the factory lunchroom
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period cost
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the wages of the receptionist in the administrative offices
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period cost
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cost of leasing the corporate jet used by the company's executives
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period cost
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the cost of renting rooms at a florida resort for the annual sales conference
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product cost
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the cost of packaging the company's product
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change in cost / change in activity
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variable cost
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sunk cost
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cost of the old X-ray machine
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none
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the salary of the head of the radiology department
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non
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salary of the head of Pedes
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differential cost
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cost of the new laser color printer
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none
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rent on the space occupied by radiology
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differential cost
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the cost of maintaining the old machine
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opportunity cost
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benefits from a new DNA analyzer
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differential cost
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cost of electricity to run the x ray machines
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cost behavior: variable product cost
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hamburger buns at a wendy's outlet
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cost behavior: fixed selling & admin cost
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advertising by a dental office
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cost behavior: variable product cost
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apples processed and canned by Del Monte
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cost behavior: variable selling & admin cost
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shipping canned apples from a Del Monte plant to customers
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cost behavior: fixed selling & admin cost
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insurance on a Bausch & Lomb factory producing contact lenses
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cost behavior: fixed selling & admin cost
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insurance on IBM corporate headquarters
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cost behavior: fixed product cost
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salaries of a supervisor overseeing production of printers at Hewlett-Packard
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cost behavior:variable selling & admin cost
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commissions paid to automobile salespersons
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cost behavior: fixed product cost
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depreciation of factory lunchroom facilities at a general electric plant
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cost behavior: variable product cost
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steering wheels installed in BMWs
