User contributions for Sfg02

29 January 2014

• 14:2914:29, 29 January 2014 diff hist +213‎ N Variable Overhead Rate Variance ‎ Created page with "{{Learning concept |Description=The difference between the actual variable overhead cost incurred during a period and the standard cost that should have been incurred based on..." current
• 14:2814:28, 29 January 2014 diff hist +245‎ N Variable Overhead Efficiency Variance ‎ Created page with "{{Learning concept |Description=The difference between the actual level of activity (direct labor-hours, machine-hours, or some other base) and the standard activity allowed, ..." current
• 14:2714:27, 29 January 2014 diff hist +146‎ N Standard Rate Per Hour ‎ Created page with "{{Learning concept |Description=The labor rate that should be incurred per hour for labor time, including employment taxes and fringe benefits. }}" current
• 14:2514:25, 29 January 2014 diff hist +210‎ N Standard Quantity Per Unit ‎ Created page with "{{Learning concept |Description=The amount of an input that should be required to complete a single unit of product, including allowances for normal waste, spoilage, rejects, ..." current
• 14:2414:24, 29 January 2014 diff hist +225‎ N Standard Quantity Allowed ‎ Created page with "{{Learning concept |Description=The amount of an input that should have been used to complete the period's actual output. It is computed by multiplying the actual number of un..." current
• 14:2314:23, 29 January 2014 diff hist +78‎ N Standard Price Per Unit ‎ Created page with "{{Learning concept |Description=The price that should be paid for an input. }}" current
• 14:2214:22, 29 January 2014 diff hist +230‎ N Standard Hours Per Unit ‎ Created page with "{{Learning concept |Description=The amount of direct labor time that should be required to complete a single unit of product, including allowances for breaks, machine downtime..." current
• 14:2114:21, 29 January 2014 diff hist +202‎ N Standard Hours Allowed ‎ Created page with "{{Learning concept |Description=The time that should have been taken to complete the period's output. It is computed by multiplying the actual number of units produced by the ..." current
• 14:1914:19, 29 January 2014 diff hist +155‎ N Standard Cost Per Unit ‎ Created page with "{{Learning concept |Description=The standard quantity allowed of an input per unit of a specific product, multiplied by the standard price of the input. }}" current
• 14:1514:15, 29 January 2014 diff hist +165‎ N Standard Cost Card ‎ Created page with "{{Learning concept |Description=A detailed listing of the standard amounts of inputs and their costs that are required to produce one unit of a specific product. }}" current
• 14:0914:09, 29 January 2014 diff hist +282‎ N Quantity Variance ‎ Created page with "{{Learning concept |Description=A variance that is computed by taking the difference between the actual quantity of the input used and the amount of the input that should have..." current
• 13:5913:59, 29 January 2014 diff hist +263‎ N Price Variance ‎ Created page with "{{Learning concept |Description=A variance that is computed by taking the difference between the actual price and the standard price and multiplying the result by the standard..." current
• 13:5813:58, 29 January 2014 diff hist +213‎ N Practical Standards ‎ Created page with "{{Learning concept |Description=Standards that allow for normal machine downtime and other work interruptions and that can be attained through reasonable, though highly effici..." current
• 13:5513:55, 29 January 2014 diff hist +222‎ N Materials Quantity Variance ‎ Created page with "{{Learning concept |Description=The difference between the actual quantity of materials used in production and the standard quantity allowed for the actual output, multiplied ..." current
• 13:5413:54, 29 January 2014 diff hist +239‎ N Materials Price Variance ‎ Created page with "{{Learning concept |Description=The difference between the actual unit price paid for an item and the standard price, multiplied by the quantity purchased. |Wikipedia referenc..." current
• 13:3713:37, 29 January 2014 diff hist +293‎ N Management By Exception ‎ Created page with "{{Learning concept |Description=A management system in which standards are set for various activities, with actual results compared to these standards. Significant deviations ..." current
• 13:3413:34, 29 January 2014 diff hist +169‎ N Labor rate Variance ‎ Created page with "{{Learning concept |Description=The difference between the actual hourly labor rate and the standard rate, multiplied by the number of hours worked during the period. }}" current
• 13:3313:33, 29 January 2014 diff hist +303‎ N Labor Efficiency Variance ‎ Created page with "{{Learning concept |Description=The difference between the actual hours taken to complete a task and the standard hours allowed for the actual output, multiplied by the standa..." current
• 13:2813:28, 29 January 2014 diff hist +86‎ N Ideal Standards ‎ Created page with "{{Learning concept |Description=Standards that assume peak efficiency at all times. }}" current
• 13:2313:23, 29 January 2014 diff hist +154‎ N Selling and Administrative Expense Budget ‎ Created page with "{{Learning concept |Description=A detailed schedule of planned expenses that will be incurred in areas other than manufacturing during a budget period. }}" current
• 13:2213:22, 29 January 2014 diff hist +114‎ N Sales Budget ‎ Created page with "{{Learning concept |Description=A detailed schedule showing expected sales expressed in both dollars and units. }}" current
• 13:2113:21, 29 January 2014 diff hist +295‎ N Responsibility Accounting ‎ Created page with "{{Learning concept |Description=A system of accountability in which managers are held responsible for those items of revenue and cost - and only those items - over which they ..." current
• 13:1913:19, 29 January 2014 diff hist +168‎ N Production Budget ‎ Created page with "{{Learning concept |Description=A detailed plan showing the number of units that must be produced during a period in order to satisfy both sales and inventory needs. }}" current
• 13:1813:18, 29 January 2014 diff hist +149‎ N Perpetual Budget ‎ Created page with "{{Learning concept |Description=A 12-month budget that rolls forward one month as the current month is completed. Also called a continuous budget. }}" current
• 13:1613:16, 29 January 2014 diff hist +250‎ N Self-imposed Budget ‎ Created page with "{{Learning concept |Description=A method of preparing budgets in which managers prepare their own budgets. These budgets are then reviewed by higher-level managers, and any is..." current
• 13:1613:16, 29 January 2014 diff hist +249‎ N Participative Budget ‎ Created page with "{{Learning concept |Description=A method of preparing budgets in which managers prepare their own budgets. These budgets are then reviewed by higher-level managers, and any is..." current

28 January 2014

• 15:0615:06, 28 January 2014 diff hist +170‎ N Merchandise Purchases Budget ‎ Created page with "{{Learning concept |Description=A detailed plan used by a merchandising company that shows the amount of goods that must be purchased from suppliers during the period. }}" current
• 15:0515:05, 28 January 2014 diff hist +315‎ N Master Budget ‎ Created page with "{{Learning concept |Description=A number of separate but interdependent budgets that formally lay out the company's sales, production, and financial goals and that culminates ..." current
• 15:0215:02, 28 January 2014 diff hist +178‎ N Manufacturing Overhead Budget ‎ Created page with "{{Learning concept |Description=A detailed plan showing the production costs, other than direct materials and direct labor, that will be incurred over a specified time period. }}" current
• 14:4914:49, 28 January 2014 diff hist +150‎ N Ending Finished Goods Inventory Budget ‎ Created page with "{{Learning concept |Description=A budget showing the dollar amount of unsold finished goods inventory that will appear on the ending balance sheet. }}" current
• 14:4514:45, 28 January 2014 diff hist +183‎ N Direct Materials Budget ‎ Created page with "{{Learning concept |Description=A detailed plan showing the amount of raw materials that must be purchased to fulfill the production budget and to provide for adequate invento..." current
• 14:4314:43, 28 January 2014 diff hist +127‎ N Direct Labor Budget ‎ Created page with "{{Learning concept |Description=A detailed plan that shows the direct-labor hours required to fulfill the production budget. }}" current
• 14:4214:42, 28 January 2014 diff hist +223‎ N Control ‎ Created page with "{{Learning concept |Description=A process of gathering feedback to insure that a plan is being properly executed or modified as circumstances change. |Wikipedia reference=http..." current
• 14:4014:40, 28 January 2014 diff hist +116‎ N Continuous Budget ‎ Created page with "{{Learning concept |Description=A 12-month budget that rolls forward one month as the current month is completed. }}" current
• 14:2914:29, 28 January 2014 diff hist +159‎ N Budget Committee ‎ Created page with "{{Learning concept |Description=A group of key managers who are responsible for overall budgeting policy and for coordinating the preparation of the budget. }}" current
• 14:2014:20, 28 January 2014 diff hist −33‎ ACCT215 - Management Accounting ‎No edit summary current
• 14:1814:18, 28 January 2014 diff hist +230‎ N Work In Process ‎ Created page with "{{Learning concept |Description=Units of product that are only partially complete and will require further work before they are ready for sale to the customer. |Wikipedia re..." current
• 14:1414:14, 28 January 2014 diff hist +231‎ N Underapplied Overhead ‎ Created page with "{{Learning concept |Description=A debit balance in the Manufacturing Overhead account that occurs when the amount of overhead cost actually incurred exceeds the amount of over..." current
• 14:1014:10, 28 January 2014 diff hist +129‎ N Time Ticket ‎ Created page with "{{Learning concept |Description=A document that is used to record the amount of time an employee spends on various activities. }}" current
• 14:0614:06, 28 January 2014 diff hist +321‎ N Schedule of Cost of Goods Sold ‎ Created page with "{{Learning concept |Description=A schedule that contains three elements of product costs - direct materials, direct labor, and manufacturing overhead - and that summarizes the..." current
• 13:4313:43, 28 January 2014 diff hist +319‎ N Schedule of Cost of Goods Manufactured ‎ Created page with "{{Learning concept |Description=A schedule that contains three elements of product costs - direct materials, direct labor, and manufacturing overhead - and that summarizes the..." current
• 13:2813:28, 28 January 2014 diff hist +144‎ N Raw Materials ‎ Created page with "{{Learning concept |Description=Any materials that go into the final product. |Wikipedia reference=http://en.wikipedia.org/wiki/Raw_Materials }}" current
• 13:2713:27, 28 January 2014 diff hist +377‎ N Predetermined Overhead Rate ‎ Created page with "{{Learning concept |Description=A rate used to charge manufacturing overhead cost to jobs that is established in advance for each period. It is computed by dividing the estima..." current
• 13:2613:26, 28 January 2014 diff hist +104‎ N Plantwide Overhead Rate ‎ Created page with "{{Learning concept |Description=A single predetermined overhead rate that is used throughout a plant. }}" current
• 13:2513:25, 28 January 2014 diff hist +141‎ N Overhead Application ‎ Created page with "{{Learning concept |Description=The process of charging manufacturing overhead cost to job cost sheets and to the Work in Process account. }}" current
• 13:2313:23, 28 January 2014 diff hist +232‎ N Overapplied Overhead ‎ Created page with "{{Learning concept |Description=A credit balance in the Manufacturing Overhead account that occurs when the amount of overhead cost applied to Work in Process exceeds the amou..." current
• 13:2113:21, 28 January 2014 diff hist +206‎ N Normal Cost System ‎ Created page with "{{Learning concept |Description=A costing system in which overhead costs are applied to a job by multiplying a predetermined overhead rate by the actual amount of the allocati..." current
• 13:0713:07, 28 January 2014 diff hist +298‎ N Multiple Predetermined Overhead Rates ‎ Created page with "{{Learning concept |Description=A costing system with multiple overhead cost pools and a different predetermined overhead rate for each cost pool, rather than a single predete..." current
• 13:0513:05, 28 January 2014 diff hist +208‎ N Materials Requisition Form ‎ Created page with "{{Learning concept |Description=A document that specifies the type and quantity of materials to be drawn from the storeroom and that identifies the job that will be charged fo..." current
• 13:0213:02, 28 January 2014 diff hist +207‎ N Job-order Costing ‎ Created page with "{{Learning concept |Description=A costing system used in situations where many different products, jobs, or services are produced each period. |Wikipedia reference=http://en.w..." current