Related Essays

  • Effect Of Cvp Analysis On Cost Accounting

    CHAPTER -3 THEORETICAL BACKGROUND OF THE STUDY Introduction Cost can be defined as the amount that has to be paid in order to get something. In companies or...

  • Cost Accounting Vs Activity Based Study

    Because cost drivers relate to cost changes, measured or quantified amounts of cost drivers are excellent bases for assigning resource costs to activities an...

  • Staffing In Health Care

    Controllable costs are subject to a managers’ own decision making, the areas that are non-controllable costs are outside the manager’s power. When the non-...

  • Cost Behavior Paper

    For example, cost allocation supports the costs a company charges its customers when selling the manufactured product or making a bid for a job (i.e., servic...

  • Price Of Lobster

    Cost means that the total money, time and resources associated with a purchase or activity (Hansen, Mowen, & Guan, 2007). the cost can divide into direct cos...

  • Ranier Falls: Case Study

    Connecting cost, such as batch-level activity to costs center are primarily assigned to a primary stage, and they will only need a single allotment process, ...

  • The Importance Of Cost Leadership Strategy

    Introduction Over all Cost Leadership is employed when a firm sets out to become the low cost producer in its industry for a given level of quality and entai...

  • Fedex Customer Service Strategy

    Kusin who is the President and Chief Executive Officer of FedEx Kinko’s (FedEx, 2005). One example of common costs not traceable to the four business seg...

  • Strategic Operations Performance Objectives: A Case Study: Gtmedical Company

    Cost to be considered like employees cost, technology & facility cost and bought-in materials and services. The main challenge for any operation is to find t...

  • Activity Based Costing Case Study

    First, cons of the activity based costing system is that not all costs have appropriate or unambiguous activ-ity consumption cost drivers (Do & Hoang, 2014)....

  • Shuffle
    Toggle On
    Toggle Off
  • Alphabetize
    Toggle On
    Toggle Off
  • Front First
    Toggle On
    Toggle Off
  • Both Sides
    Toggle On
    Toggle Off
  • Read
    Toggle On
    Toggle Off
Reading...
Front

Card Range To Study

through

image

Play button

image

Play button

image

Progress

1/6

Click to flip

Use LEFT and RIGHT arrow keys to navigate between flashcards;

Use UP and DOWN arrow keys to flip the card;

H to show hint;

A reads text to speech;

6 Cards in this Set

  • Front
  • Back
What is a cost center?
a responsibility center where managers have significant control over cost factors only
What is an example of a cost center?
Assembly line, accounting department
What is an engineered cost center?
a cost center where clear input-output relationships can be established
What is an example of an engineered cost center?
manufacturing where standard costs can be established for products
What is a discretionary cost center?
a cost center where input-output relationships can not be established clearly, and where management has more discretion over cost budgets
What is an example of a discretionary cost center?
R and D, HR departments