Top Account Flashcards

Cards: 45| Attempts: 15| Last updated: Nov 4, 2020

The Benefits Foregone When One Alternative Is...

Opportunity Cost

A Cost That Was Incurred In The Past

Sunk Cost

A Cost That Cannot Be Easily Traced To A Part...

Indirect Cost

A Cost That Doesnt Change On A Per Unit Basis...

Variable Cost

Cards: 89| Attempts: 15| Last updated: Sep 17, 2015

What Is The Balance Sheet Identity?

Assets = Liabilities + Stockholders' Equity

What Is Net Working Capital?

The Difference Between A Firm's Current Asset...

What Is The Difference Between Working Capita...

Working Capital Technically Means Current Ass...

When Is An Item An Asset?

If It Is Going To Generate Cash In The Future...

Cards: 11| Attempts: 11| Last updated: Sep 1, 2020

Why Might You Need To Know Cost Per Unit?

- Value Inventory - The Cost Per Unit Can Be ...

Absorption Costing (AC) - What Is T...

- Full Production Cost Per Unit (direct + Ind...

Under/Over-absorption

'Budgeted Volume' May Relate To Units, Direct...

What Is The Marginal Cost? Contribution?

- Extra Cost Arising As A Result Of Making An...

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