Indirect costs or charges Fabriles Manufacturing ABC
It is characterized by diversity and heterogeneity of its components such as rents, fuel, energy,
It is incurred to produce an article without being physically incorporated therein.
Dr. Donna Crossman
Posted at 11:49 AM ET, 12/09/2011 TheWashingtonPost
Company ban on email gives employees
a break, and maybe a different type of
By Jena McGregor
In case you were too busy catching up on email last week
Income Tax Accounting
1.) Camille Sikorski was divorced last year. She currently owns and provides a home for
her 15-year-old daughter, Kaly, and 18-year-old son, Parker. Both children lived in
Camilles home for the entire year
Income Tax Accounting
1.) [LO2, LO3 PLANNING] Isabel, a calendar-year taxpayer, uses the cash method of
accounting for her sole proprietorship. In late December she received a $20,000 bill from
her accountant for consulting serv
Difference method inventory: is to determine the cost of goods sold using the formula of the
Its main limitation is that it does not contemplate the possibility that had gone merchandise theft,
fire or other causes.
Need for data collection as:
It assumes that the property is losing value steadily over time, holding each period an equal
share of impairment.
It should be noted:
calculate the value to depreciate.
estimating the useful life of the asset
determining the share of depre
Introduction to Cost Accounting
Economic Cost Concept
Evolution of ideas
Classics and previous schools consider the costs from the point of view of the economy of a
country as a whole.
From them neoclassical economic contributions to the accounts are made
Newspapers and Older
The cycle cost accounting is done with the documentation referred journals and books and old.
General books have auxiliary.
MP - Mayor of materials and MP
P in the process - Mayor of P in the process and cost sheet
LIABILITIES = LIABILITIES + FORECASTS
Debts can be classified according to:
1) The currency of contract
Domestic currency debt: those debts incurred in legal tender in the country.
Foreign currency debts: those contracted in a currency other than the abov
Account balances after adjustments
Debited for all the hours of presence in manufactures.
Accredited for lost time and unproductive hidden declared calculated.
Balance always debtor
Charged for the cost of downtime calc
Advantages and Disadvantages of Cost Accounting
The physical inventory of articles manufactured and sold achieves unit costs and pricing of
Cost of each department, centers or sections.
Report about where the cost originated.
Check the function of
Historical costs can be predetermined by any
Not to be confused with costing system (they are by absorption and direct)
Data costs: we proceed to the collection of data for making sheets costs to determine the cost of
each item and the tot
Cost of sales = opening stock + purchases - Final stock
In commercial business activity develops acquiring the product and selling it in the same state,
not adding value to it. Should take into account the costs that are necessary to provide a
ACC 225-71 INCOME TAX ACCOUNTING
Dr. Katrina Pearl
[email protected] or ANGEL email (ANGEL email preferred)
This course introduces the current income tax law and tax r