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 There is no inventory and thus no inventoriable costs. There is no inventory and thus no inventoriable costs
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| tarix | 14.09.2018 | | ölçüsü | 2,36 Mb. | | #68400 |
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There is no inventory and thus no inventoriable costs. There is no inventory and thus no inventoriable costs.The income statement does not include cost of goods sold.
Service
Manufacturing Company: Manufacturing Company:uses labor, plant, and equipment to convert raw materials into finished productsWork in process inventoryFinished goods inventory
Kendall Manufacturing Company: Kendall Manufacturing Company:Beginning and ending work-in-process inventories were $20,000 and $18,000.Direct materials used were $70,000.Direct labor was $100,000.Manufacturing overhead incurred was $150,000.
What is the cost of goods manufactured? What is the cost of goods manufactured?
Kendall Manufacturing Company’s beginning finished goods inventory was $60,000 and its ending finished goods inventory was $55,000. Kendall Manufacturing Company’s beginning finished goods inventory was $60,000 and its ending finished goods inventory was $55,000.How much is the cost of goods sold?
Kendall Manufacturing Company had sales of $627,000 for the period. Kendall Manufacturing Company had sales of $627,000 for the period.How much is the gross margin?
Kendall Manufacturing Company had operating expenses as follows: Kendall Manufacturing Company had operating expenses as follows: 30,000 Administrative expenses $120,000 Total What is Kendall’s operating income?
Direct Materials Inventory Direct Materials InventoryBeginning inventoryPurchases and freight-inDirect materials available for useEnding inventoryDirect materials used
Which of the following is not an element of manufacturing overhead?: Which of the following is not an element of manufacturing overhead?:
Klasifikasi Umum Biaya Klasifikasi Umum Biaya Biaya Produksi: BB (langsung -tidak langsung) BTK (langsung- tidak langsung) BOP Biaya Non Produksi: Biaya administrasi
Biaya pemasaran atau penjualan Biaya pemasaran atau penjualan semua biaya yang diperlukan untuk menangani pesanan konsumen dan memperoleh produk atau jasa untuk disampaikan kepada konsumen. contoh : pengiklanan, pengiriman, perjalanan dalam rangka penjualan, komisi penjualan, gaji untuk bagian penjualan, biaya penyimpanan gudangBiaya administrasi pengeluaran eksekutif , organisasional dan klerikal yang berkaitan dengan manajemen umum organisasi. contoh : gaji eksekutif, akuntan umum, kesekretariatan, humas
Klasifikasi biaya untuk pembebanan Biaya ke objek biaya: Klasifikasi biaya untuk pembebanan Biaya ke objek biaya: Biaya Langsung Biaya Tidak Langsung
Klasifikasi biaya untuk pengambilan keputusan: Klasifikasi biaya untuk pengambilan keputusan: Biaya diferensial Biaya tertanamBiaya Diferensial /Inkremental-Dekremental: Perbedaan biaya antara dua alternatifKonsep biaya marginal dan pendapatan marginal: Biaya marginal: biaya yang digunakan untuk menghasilkan 1 unit lebih banyak Pendapatan marginal: pendapatan yang diperoleh dari penjualan 1 unit lebih banyak
Biaya Kesempatan (Opurtunity cost): Biaya Kesempatan (Opurtunity cost): manfaat potensial yang akan hilang bila salah satu alternatif telah dipilih dari sejumlah alternatif yang tersedia. Biaya Tertanam (sunk cost): biaya yang telah terjadi dan tidak dapat diubah oleh keputusan apapun yang dibuat saat ini ataupun masa yang akan datang.
What are product costs? What are product costs?They are the costs to produce (or purchase) tangible products intended for sale.
There are two types of product costs:
For external reporting, merchandisers’ inventoriable product costs include only costs that are incurred in the purchase of goods. For external reporting, merchandisers’ inventoriable product costs include only costs that are incurred in the purchase of goods.Inventoriable costs are an asset.Period costs flow as expenses directly to the income statement.
For external reporting, manufacturers’ inventoriable product costs include raw materials plus all other costs incurred in the manufacturing process. For external reporting, manufacturers’ inventoriable product costs include raw materials plus all other costs incurred in the manufacturing process.Inventoriable product costs are incurred only in the third element of the value chain.Costs incurred in other elements of the value chain are period costs.
Sales $28,000 Sales $28,000Gross profit $ 7,850Selling and admin. expenses: Sales salaries expense $2,000 Office salaries expense 1,500 Total selling and admin. expenses 3,500Income from operations $ 4,350
Cost objects are anything for which a separate measurement of costs is desired. Cost objects are anything for which a separate measurement of costs is desired.Cost drivers are any factors that affect cost.
What are examples of cost objects? What are examples of cost objects?individual productsgeographic segments of the businessdepartments
What are direct costs? What are direct costs?Direct costs are those costs that can be specifically traced to the cost object.What are indirect costs?Indirect costs are costs that cannot be specifically traced to the cost object.
Direct Materials are a: Product Manufacturing Period Cost Overhead Cost
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