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Cost Accounting Equations And More
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Cost Accounting Equations And More
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25 Questions

1. DL + DM

2. Advertising - Depreciation of Office Equipment - Shipping Costs

3. DM - DL - FOH

4. BE Units x SP -or- FC / CM%

5. # of Units: H1 and L1 - Cost: H2 and L2 - VC per Unit: (H2 - L2 / (H1-L1) - FC: L2 - VCL -or- H2 - VCH - VCH: H1 x VC per Unit VCL: L1 x VC per Unit

6. DL + FOH

7. CM / Op Income [Op Leverage is high when the entity has a high proportion of FC in its cost structure)

8. DM - DL - FO

9. Amount by which budgeted (actual) revenue exceeds the BE Revenue.

10. ?xy = (FC)(?x) + (VC)(?x^2) - ?y = (n)(FC) + (VC)(?x) - solve for a & b - then write the formula/equation: y = FC + (VC x Units)

11. Costs vary as the level of activity change. changes in total proportion to changes in the related level of total activity/volume (DM - DL)

12. Rev - COGS

13. Beg Inv + Purchased DM - Cost of DM Available for use

14. Pay for Print: $100 for first 500 copies - $0.06 for each copy over 500.

15. Indirect and fixed costs related to the factory used for production.

16. Op Income - Income Taxes

17. FC / CM per unit

18. The direct and variable costs that can be traced back to the cost object.

19. A little fixed & a little variable

20. MoS in $ / Budgeted (actual) Revenue [Revenue would have to decrease by the MoS % to reach the BE Revenue]

21. Goods Available for Sale - End Finished Goods

22. The product being made

23. When total revenue = total cost - Op Income = 0

24. Quantities of various products (services) that constitute total unit sales of a company

25. Property tax - property insurance - and property rent

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