User contributions for Sfg02
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29 January 2014
- 15:2915:29, 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
- 15:2815:28, 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
- 15:2715:27, 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
- 15:2515:25, 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
- 15:2415:24, 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
- 15:2315:23, 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
- 15:2215:22, 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
- 15:2115:21, 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
- 15:1915:19, 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
- 15:1515:15, 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
- 15:0915:09, 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
- 14:5914:59, 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
- 14:5814:58, 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
- 14:5514:55, 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
- 14:5414:54, 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
- 14:3714:37, 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
- 14:3414:34, 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
- 14:3314:33, 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
- 14:2814:28, 29 January 2014 diff hist +86 N Ideal Standards Created page with "{{Learning concept |Description=Standards that assume peak efficiency at all times. }}" current
- 14:2314:23, 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
- 14:2214:22, 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
- 14:2114:21, 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
- 14:1914:19, 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
- 14:1814:18, 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
- 14:1614:16, 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
- 14:1614:16, 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
- 16:0616:06, 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
- 16:0516:05, 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
- 16:0216:02, 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
- 15:4915:49, 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
- 15:4515:45, 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
- 15:4315:43, 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
- 15:4215:42, 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
- 15:4015:40, 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
- 15:2915:29, 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
- 15:2015:20, 28 January 2014 diff hist −33 ACCT215 - Management Accounting No edit summary current
- 15:1815:18, 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
- 15:1415:14, 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
- 15:1015:10, 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
- 15:0615:06, 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
- 14:4314:43, 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
- 14:2814:28, 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
- 14:2714:27, 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
- 14:2614:26, 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
- 14:2514:25, 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
- 14:2314:23, 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
- 14:2114:21, 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
- 14:0714:07, 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
- 14:0514:05, 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
- 14:0214:02, 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
- 13:5713:57, 28 January 2014 diff hist +127 N Job Cost Sheet Created page with "{{Learning concept |Description=A form that records the materials, labor, and manufacturing overhead costs charged to a job. }}" current
- 13:5613:56, 28 January 2014 diff hist +172 N Finished Goods Created page with "{{Learning concept |Description=Units of product that have been completed but not yet sold to customers. |Wikipedia reference=http://en.wikipedia.org/wiki/Finished_goods }}" current
- 13:5613:56, 28 January 2014 diff hist +122 N Cost of Goods Manufactured Created page with "{{Learning concept |Description=The manufacturing costs associated with the goods that were finished during the period. }}" current
- 13:5413:54, 28 January 2014 diff hist +204 N Cost Driver Created page with "{{Learning concept |Description=A factor, such as machine-hours, beds occupied, computer time, or flight-hours, that causes overhead costs. |Wikipedia reference=http://en.wiki..." current
- 13:5313:53, 28 January 2014 diff hist +146 N Allocation Base Created page with "{{Learning concept |Description=A measure of activity such as direct labor-hours or machine-hours that is used to assign costs to cost objects. }}" current
- 13:5213:52, 28 January 2014 diff hist +271 N Absorption Costing Created page with "{{Learning concept |Description=A costing method that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed manufacturing overhead - i..." current
- 13:4013:40, 28 January 2014 diff hist +278 N Vertical Integration Created page with "{{Learning concept |Description=The involvement by a company in more than one of the activities in the entire value chain from development through production, distribution, sa..." current
- 13:3813:38, 28 January 2014 diff hist +222 N Split-off Point Created page with "{{Learning concept |Description=That point in the manufacturing process where some or all of the joint products can be recognized as individual products. |Wikipedia reference=..." current
- 13:3713:37, 28 January 2014 diff hist +121 N Special Order Created page with "{{Learning concept |Description=A one-time order that does not consider part of the company's normal ongoing business. }}" current
- 13:3613:36, 28 January 2014 diff hist +147 N Sell or Process Further Decision Created page with "{{Learning concept |Description=A decision as to whether a joint product should be sold at the split-off point or sold after further processing. }}" current
- 13:3313:33, 28 January 2014 diff hist +224 N Relevant Cost Created page with "{{Learning concept |Description=A cost that differs between alternatives in a decision. Synonyms are avoidable cost, differential cost, and incremental cost. |Wikipedia refere..." current
- 13:3213:32, 28 January 2014 diff hist +152 N Relevant Benefit Created page with "{{Learning concept |Description=A benefit that differs between alternatives in a decision. Synonyms are differential benefit and incremental benefit. }}" current
- 13:3013:30, 28 January 2014 diff hist +72 Relaxing (or elevating) the Constraint No edit summary current
- 13:2913:29, 28 January 2014 diff hist +98 N Relaxing (or elevating) the Constraint Created page with "{{Learning concept |Description=An action that increases the amount of the constraint resource. }}"
- 13:2813:28, 28 January 2014 diff hist +108 Make-or-Buy Decision No edit summary current
- 13:2713:27, 28 January 2014 diff hist +159 N Joint Products Created page with "{{Learning concept |Description=Two or more products that are produced from a common input. |Wikipedia reference=http://en.wikipedia.org/wiki/Joint_products }}" current
- 13:2513:25, 28 January 2014 diff hist +188 N Joint Costs Created page with "{{Learning concept |Description=Costs that are incurred up to the split-off point in a process that produces joint products. |Wikipedia reference=http://en.wikipedia.org/wiki/..." current
- 13:2313:23, 28 January 2014 diff hist +170 Constraints No edit summary current
- 13:2113:21, 28 January 2014 diff hist +46 Bottleneck No edit summary current
- 13:2113:21, 28 January 2014 diff hist +228 N Avoidable Cost Created page with "{{Learning concept |Description=A cost that can be eliminated by choosing one alternative over another in a decision. This term is synonymous with relevant cost. |Wikipedia re..." current
27 January 2014
- 19:2219:22, 27 January 2014 diff hist +229 N Weighted-average Method Created page with "{{Learning concept |Description=A process costing method that blends together units and costs from both the current and prior periods. |Wikipedia reference=http://en.wikipedia..." current
- 19:2119:21, 27 January 2014 diff hist +166 N Processing Department Created page with "{{Learning concept |Description=An organizational unit where work is performed on a product and where materials, labor, or overhead costs are added to the product. }}" current
- 19:2019:20, 27 January 2014 diff hist +196 N Process Costing Created page with "{{Learning concept |Description=A costing method used when essentially homogeneous products are produced on a continuous basis. |Wikipedia reference=http://en.wikipedia.org/wi..." current
- 19:1919:19, 27 January 2014 diff hist +147 N Operation Costing Created page with "{{Learning concept |Description=A hybrid costing system used when products have some common characteristics and some individual characteristics. }}" current
- 19:1719:17, 27 January 2014 diff hist +200 N Equivalent Units of Production (Weighted-Average Method) Created page with "{{Learning concept |Description=The units transferred to the next department (or to finished goods) during the period plus the equivalent units in the department's ending work..." current
- 19:1519:15, 27 January 2014 diff hist +304 N Equivalent Units Created page with "{{Learning concept |Description=The product of the number of partially completed units and their percentage of completion with respect to a particular cost. Equivalent units a..." current
- 18:3018:30, 27 January 2014 diff hist +314 N Spending Variance Created page with "{{Learning concept |Description=The difference between how much a cost should have been, given the actual level of activity, and the actual amount of the cost. A favorable (un..." current
- 18:2818:28, 27 January 2014 diff hist +325 N Revenue Variance Created page with "{{Learning concept |Description=The difference between how much the revenue should have been, given the actual level of activity, and the actual revenue for the period. A favo..." current
- 18:2618:26, 27 January 2014 diff hist +146 N Planning Budget Created page with "{{Learning concept |Description=A budget created at the beginning of the budgeting period that is valid only for the planned level of activity. }}" current
- 18:2618:26, 27 January 2014 diff hist +157 N Flexible Budget Created page with "{{Learning concept |Description=A report showing estimates of what revenues and costs should have been, given the actual level of activity for the period. }}" current
- 18:2118:21, 27 January 2014 diff hist +328 N Activity Variance Created page with "{{Learning concept |Description=The difference between a revenue or cost item in the static planning budget and the same item in the flexible budget. An activity variance is d..." current
- 18:0418:04, 27 January 2014 diff hist +94 N Unit-level Activities Created page with "{{Learning concept |Description=Activities that are performed each time a unit is produced. }}" current
- 18:0318:03, 27 January 2014 diff hist +92 N Transaction Driver Created page with "{{Learning concept |Description=A simple count of the number of times an activity occurs. }}" current
- 18:0118:01, 27 January 2014 diff hist +147 N Second-stage Allocation Created page with "{{Learning concept |Description=The process by which activity rates are used to apply costs to products and customers in activity-based costing. }}" current
- 17:5917:59, 27 January 2014 diff hist +21 Organization-sustaining Activities No edit summary current
- 17:2317:23, 27 January 2014 diff hist +170 N Product-level Activities Created page with "{{Learning concept |Description=Activities that relate to specific products that must be carried out regardless of how many units are produced and sold or batches run. }}" current
- 17:2117:21, 27 January 2014 diff hist +170 N Organization-sustaining Activities Created page with "{{Learning concept |Description=Activities that relate to specific products that must be carried out regardless of how many units are produced and sold or batches run. }}"
- 17:1917:19, 27 January 2014 diff hist +143 N First-stage Allocation Created page with "{{Learning concept |Description=The process by which overhead costs are assigned to activity cost pools in an activity-based costing system. }}" current
- 17:1817:18, 27 January 2014 diff hist +99 N Duration Driver Created page with "{{Learning concept |Description=A measure of the amount of time required to perform an activity. }}" current
- 17:1717:17, 27 January 2014 diff hist +138 N Customer-level Activities Created page with "{{Learning concept |Description=Activities that are carried out to support customers, but that are not related to any specific product. }}" current
- 17:1517:15, 27 January 2014 diff hist +281 N Batch-level Activities Created page with "{{Learning concept |Description=Activities that are performed each time a batch of goods is handled or processed, regardless of how many units are in the batch. The amount of ..." current
- 17:1317:13, 27 January 2014 diff hist +183 N Activity Measure Created page with "{{Learning concept |Description=An allocation base in an activity-based costing system; ideally, a measure of the amount of activity that drives the costs in an activity cost ..." current
- 17:1217:12, 27 January 2014 diff hist +154 N Activity Cost Pool Created page with "{{Learning concept |Description=A "bucket" in which costs are accumulated that relate to a single activity measure in an activity-based costing system. }}" current
- 17:0917:09, 27 January 2014 diff hist +231 N Activity-based Management (ABM) Created page with "{{Learning concept |Description=A management approach that focuses on managing activities as a way of eliminating waste and reducing delays and defects. |Wikipedia reference=h..." current
- 16:2516:25, 27 January 2014 diff hist +317 N Activity-based Costing (ABC) Created page with "{{Learning concept |Description=A costing method based on activities that is designed to provide managers with cost information for strategic and other decisions that potentia..." current
- 16:2016:20, 27 January 2014 diff hist −86 Activity No edit summary current
- 16:2016:20, 27 January 2014 diff hist +87 Activity No edit summary
- 16:1416:14, 27 January 2014 diff hist +213 N Action Analysis Report Created page with "{{Learning concept |Description=A report showing what costs have been assigned to a cost object, such as a product or customer, and how difficult it would be to adjust the cos..." current
- 15:1215:12, 27 January 2014 diff hist +98 N Variable Expense Ratio Created page with "{{Learning concept |Description=A ratio computed by dividing variable expenses by dollar sales. }}" current
- 15:1115:11, 27 January 2014 diff hist +111 N Target Profit Analysis Created page with "{{Learning concept |Description=Estimating what sales volume is needed to achieve a specific target profit. }}" current