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A measure of whatever causes the incurrence of a variable cost.
-X-Ray example |
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-Period Cost
-All executive, organizational and clerical costs associated with the general management of an organization rather thatn with manufacturing or selling. |
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| The way in which a cost reacts to changes in the level of activity. |
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| The relative proportion of fixed, variable and mixed costs in an organization. |
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| A difference in cost between two alternatives. |
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| The difference in revenue between two alternatives. |
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| A cost that can be easily traced to a specified cost object. |
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| Factory labor costs that can be easily traced to individual units of product. |
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| Materials that become an integral part of a finished product and whose costs can be conviniently traced to it. |
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| A cost that remains constant regardless of changes in the level of activity within the relevant range. |
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| A cost that cannot be easily traced back to a specified cost object. |
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| All manufacturing costs other than direct materials and direct labor. |
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| The potential benefit that is given up when one alternative is selected over another. |
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| Costs that are taken directly to the income statement as expenses in the period in which they are incurred. |
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| All costs that are involved in acquiring or making a product. Consists of direct materials, direct labor and manufacturing overhead. |
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-Period Costs
All costs that are incurred to secure customer orders and get the finished product to the customer. |
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| A cost that has already been incurred and that cannot easily be changed by any decision made now or in the future. |
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| A cost that varies in diect proportion to changes in the level of activity. Constant per unit. |
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