ACC201 Quiz 1 Flash Cards

 
log in to manage your card piles
front back revisions lasted changed by history
Indirect Cost Cant easily be traced, Manufacturing Overhead 0 kovanda1 Fri, 27 Jan 2012 00:04:30 GMT view revision history
Direct Cost Can be easily traced back to a cost object, DM DL 0 kovanda1 Fri, 27 Jan 2012 00:04:30 GMT view revision history
Period Costs Anything not factory related 0 kovanda1 Fri, 27 Jan 2012 00:02:10 GMT view revision history
Product Cost DM, DL, MOH 1 kovanda1 Fri, 27 Jan 2012 00:03:29 GMT view revision history
Net Operating income Sales-COGS=Gross Profit-Operating Expenses=Non operating items 0 kovanda1 Fri, 27 Jan 2012 00:02:10 GMT view revision history
Cost of Goods Sold Cost of Goods Manufactured+ FG beginning- FG ending 0 kovanda1 Fri, 27 Jan 2012 00:02:10 GMT view revision history
Cost of Goods Manufactured Total Manufacturing costs+W/P beginning-W/P ending 0 kovanda1 Thu, 26 Jan 2012 23:53:43 GMT view revision history
Total Manufacturing Costs Direct Materials Used+Direct Labor+Manufacturing Overhead 0 kovanda1 Thu, 26 Jan 2012 23:53:43 GMT view revision history
Direct Materials used DM beginning+purchases-DM ending 0 kovanda1 Thu, 26 Jan 2012 23:53:43 GMT view revision history
Manufacturing Overhead anything with factory, indirect labor salaries 0 kovanda1 Thu, 26 Jan 2012 23:53:43 GMT view revision history
Conversion costs Direct labor and manufacturing overhead 0 kovanda1 Thu, 26 Jan 2012 23:49:51 GMT view revision history
prime costs Direct material and direct labor 0 kovanda1 Thu, 26 Jan 2012 23:49:51 GMT view revision history
managing risk Identifying risks before they occur to prevent loss or minimize risks 0 kovanda1 Thu, 26 Jan 2012 23:49:51 GMT view revision history
Sarbanes-Oxley Act of 2002 (SOX) Congress' response to financial scandals of the 1990's. Developed whistleblower protection and document retention 0 kovanda1 Thu, 26 Jan 2012 23:49:51 GMT view revision history
Credibility Disclose all relevant info 0 kovanda1 Thu, 26 Jan 2012 23:43:47 GMT view revision history
Integrity Sign a conflict of interest survey 0 kovanda1 Thu, 26 Jan 2012 23:43:47 GMT view revision history
Confidentiality dont disclose client info 0 kovanda1 Thu, 26 Jan 2012 23:43:47 GMT view revision history
Competence Attend training 0 kovanda1 Thu, 26 Jan 2012 23:43:47 GMT view revision history
Six Sigma A process improvement method that relies on customer feedback and fact-based data gathering and analysis to drive process improvement 0 kovanda1 Thu, 26 Jan 2012 23:42:11 GMT view revision history
Theory of Constraints Manage the Constraint 0 kovanda1 Thu, 26 Jan 2012 23:42:11 GMT view revision history
Lean Production Thinking Keep inventory levels low
Work is pulled through as customers demand product
0 kovanda1 Thu, 26 Jan 2012 23:42:11 GMT view revision history
Value Chain Represents major business functions that add value to a company's products and services 0 kovanda1 Thu, 26 Jan 2012 23:42:11 GMT view revision history
Staff position Chief financial officer CFO, treasurer, controller CAO, accountants, human resources, legal 0 kovanda1 Thu, 26 Jan 2012 23:39:30 GMT view revision history
Line position Board of directors, president, VP operations CEO, manager US plants, Manager international plants 0 kovanda1 Thu, 26 Jan 2012 23:39:30 GMT view revision history
Product leadership "We offer higher quality than competitors" BMW, Northface, Apple 0 kovanda1 Thu, 26 Jan 2012 23:39:30 GMT view revision history
operational excellence "we deliver faster, more conveniently, at lower prices" wal-mart, best buy 0 kovanda1 Thu, 26 Jan 2012 23:39:30 GMT view revision history
Customer intimacy "we understand our customers needs" Starbucks, Cruise lines 0 kovanda1 Thu, 26 Jan 2012 23:36:18 GMT view revision history
Manufacturing organization direct material, work in progress, finished goods 0 kovanda1 Thu, 26 Jan 2012 23:36:17 GMT view revision history
Merchandising organization inventory ready to sell 0 kovanda1 Thu, 26 Jan 2012 23:36:17 GMT view revision history
service organization No inventory 0 kovanda1 Thu, 26 Jan 2012 23:36:17 GMT view revision history

Study Now
View Users (1)