Acct 101 L12, L13, L16 Handout #13 1Managerial Accounting Concepts Characteristics of Costs Fixed Variable By Behavior Mixed By Traceability Direct Indirect (to a product, process, department, or customer, etc.) By Controllability Controllable Non-controllable (Depend on employee’s responsibilities) Sunk Out-of-pocket By Relevance Opportunity Product (*) Direct material Direct labor Factory overhead (indirect material, indirect labor, other costs) By Function Period Ex. SG&A
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