Week2 - overhead basis Direct Material=standard...

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Review Basic Product Costing Financial/ Cost Accounting COGS/Inventory Vocab Standard Costing, historical costing, product costs, period costs, fixed costs, variable costs, direct materials, direct labor, and manufacturing overhead
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Review (cont’d) Allocating Costs Unit Product Cost =Direct Material + direct labor +applied overhead Applied overhead=burden rate * overhead basis Burden Rate=budgeted total annual overhead costs/ budgeted total
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Unformatted text preview: overhead basis Direct Material=standard quantity*standard price Direct Labor=standard time*standard wage Review (contd) Fixed Cost v. Variable Cost Structure Charts Death Spiral Cancelling the wrong product line see case question #3 Problem 2-19 Problem 2-21 Problem 2-36 Problem 2-37 Problem 4-43 Problem 4-43...
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This note was uploaded on 04/05/2012 for the course MGT ` 170 taught by Professor Andersen during the Spring '12 term at UC Davis.

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Week2 - overhead basis Direct Material=standard...

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