University of Advanced Research MBA online program

Management Accounting

 

 

 

Reports:

Statement of Costs of Goods Sold.

Some terms:

Cost of Quality:

  1. Prevention Costs
  2. Appraisal Costs
  3. Internal Failure Costs
  4. External Failure Costs

Quality costs as a % of sales.

 

 

 

Job Costing System.

  1. Customer Order.
  2. Production Order.
  3. Material Requisition, Labor Time Tickets, Overhead Rates.
  4. Job Cost Sheets.
  5. Work in Process.
  6. Finished Goods.
  7. Cost of Goods Sold.
  1. DLH ~ Direct Labor Hours.
  2. MH ~ Machine Hours.
  3. CVP ~ Cost, Volume, Profit.
  4. CMU ~ Contribution Margin per Unit.
  5. TCM ~ Total Contribution Margin.
  6. CM Ratio.
  7. BEP ~ Break Even Point.

Incremental Make or Buy Analysis.

Some budgets:

  1. Sales
  2. Production
  3. Direct Materials
  4. Direct Labor
  5. Mfg Overhead
  6. Selling-Admin

Pro Forma Income Statement.

Some terms:, cont

  1. BER ~ Break Even Revenue.
  2. SPU ~ Selling price per unit.
  3.  ZZB ~ Zero Based Budgeting.
  4.  

Mixed Costs:

Fixed and Variable Cost.

~ high-low method.

~ Regression.