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Study. Class: ACCT - Managerial Accounting; Subject: Accounting; University: Bowling Green State University-Firelands; Term: Forever 1989;
Typology: Quizzes
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TERM 1
DEFINITION 1 A cost that changes in total as cost driver changes. TERM 2
DEFINITION 2 Research and developement, product design, marketing, manufacturing, distribution, customer service. TERM 3
DEFINITION 3 Costs that remain the same in total as the activity changes. TERM 4
DEFINITION 4 A group of costs that are driven by the same activity. TERM 5
DEFINITION 5 A factor that causes overhead costs.
TERM 6
DEFINITION 6 Planning, directing and motivation, decision making, and control. TERM 7
DEFINITION 7 Used in situations where many different products are produced each period Example: Hallmark, Levi's strauss Clothing Factory. *DIFFERENT (custom made) TERM 8
DEFINITION 8 Used in situations where the company produces many units of a single product for long periods. Example: Coca Cola, Oscar Meyer. *MASS PRODUCTION