Accounting 2020, Chapter 14
A method used to allocate overhead to products based on each products use of the activities that cause the incurrence of the overhead cost
Activity-Based Costing
A performance-measured technique that attempts to consider and evaluate all aspects of performance using financial and non-financial measures in an integrated fashion
Balanced Scorecard
Labor costs of assembly-line workers
Direct Labor
Salaries for assembly line inspectors
Direct Labor
Salaries for assembly-line quality control inspectors
Direct Labor
Wages of workers assembling personal computers
Direct Labor
Wages paid to assembly line workers
Direct Labor
Electrical components used in assembling computers
Direct Materials
Materials used in product
Direct Materials
Memory boards and chips used in assembling computers
Direct Materials
Upholstery used in manufacturing furniture
Direct Materials
Wood used in manufacturing furniture
Direct Materials
An approach used to reduce the cost associated with handling and holding inventory by reducing the amount of inventory on hand
Just-In-Time Inventory
Depreciation on factory equipment
Manufacturing Overhead
Depreciation on plant
Manufacturing Overhead
Depreciation on the factory equipment
Manufacturing Overhead
Factory Repairs
Manufacturing Overhead
Factory machinery depreciation
Manufacturing Overhead
Factory managers salery
Manufacturing Overhead
Factory supervisors salaries
Manufacturing Overhead
Factory supplies used
Manufacturing Overhead
Factory utilities
Manufacturing Overhead
Glue, nails, paint, and other small parts used in production
Manufacturing Overhead
Indirect factory labor
Manufacturing Overhead
Indirect materials
Manufacturing Overhead
Insurance on factory machines
Manufacturing Overhead
Production superintendents saleries
Manufacturing Overhead
Property taxes on factory building
Manufacturing Overhead
Property taxes on plant
Manufacturing Overhead
Property taxes on the factory building
Manufacturing Overhead
Salaries for the night security guards for the factory building
Manufacturing Overhead
Soldering materials used on factory assembly lines
Manufacturing Overhead
Advertising Expense
Period Costs
Delivery Expense
Period Costs
Depreciation on delivery trucks
Period Costs
Office supplies used
Period Costs
Property taxes on store
Period Costs
Repairs to office equipment
Period Costs
Salaries paid to sales clerks
Period Costs
Sales Commissions paid to sell personal computers
Period Costs
Sales commissions
Period Costs
Sales saleries
Period Costs
Direct Materials+Direct Labor+Manufacturing Overhead
Product Costs
The group of activities associated with providing a product or service
Value Chain