Accounting

Material requisition form

specifies the type and quantity of materials to be drawn from the store room and identifies the job charged for the cost of the materials.

Indirect

A factory produces a variety of tools. The managers salary is an indirect cost of the particular type of tool.

Indirect

A manufacturing cost that cannot be easily traced to a specific cost object is an indirect cost

Schedule of cost of goods manufactured

Contains three elements of product costs direct materials direct labor and manufacturing overhead. It summarizes the portions of those costs remaining in ending work in process inventory and transferred out to finished goods.

Cost object

A ( n ) cost object is anything for which cost data are desired - including products , customers , plants , office 1 locations , and departments . ( Enter only one word per blank

Step variable cost

Cost behavior patterns such as salaried employees are often called step variable costs. Step variable costs can often be adjusted quickly as conditions change.