Controller - • Marginal[Cost – is the f(x of the...

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Controller – chief accountant [Cost] Tracing – a subtext of a costing system Volume [Cost] – one of the costs that are not associated with the production activities of the company Mixed [Cost] – neither a preset nor a relatively erratic cost Factory Overhead – a cost associated with the production activities of a company but not directly Step [Cost] – a mutual aspect between variable cost and fixed cost Decremental [Cost] – ain’t not a cost increase (opposite) Sunk [Cost] – Research and Development Activities (example) Postponable [Costs] – deferrable but inevitable charges
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Unformatted text preview: • Marginal [Cost] – is the f(x) of the derivative of a cost function • High-Low [Method] – a SIMPLE method that only focuses on the extremes • Fixed [Cost] - the b in the equation: y=mx+b • Scatter-plot [Method] – using a graph to estimate the FC and VC elements of a mixed cost • [Cost of a Service] Provider – similar to work in progress <DILI KO SURE; PLS RECHECK> • Opportunity [Cost] – ‘There is no such thing as a ‘free lunch’.” • Budgeted [Cost] – approximation of anticipated costs...
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This note was uploaded on 12/16/2011 for the course ACCOUNTANC 506 taught by Professor Mr.reyes during the Spring '11 term at University of the Philippines Diliman.

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Controller - • Marginal[Cost – is the f(x of the...

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