Final Stuff to know
Last Modified: 2011-06-08
Related Textbooks:Accounting: What the Numbers Mean
Estimated Activity Level
Period: all the costs that are not included in product costs. These costs are expensed on the income statement in the period in which they are incurred examples include Sales commissions and office rent
Actual Overhead | Applied Overhead
Under Applied Over Applied
Beginning Work in Process |
Direct Materials |
Direct Labor |
Applied Overhead | Cost of Good Manufactured
End Work in Process
Beginning Inventory |
Cost of Goods Manufactured | Cost of Goods Sold
+ Cash Collected
- Cash Payments
Ending Cash Balance
Opportunity Costs + Avoidable Costs > Outside Purchase price Buy
Opportunity Costs + Avoidable Costs > Lost Contribution Margin DROP
Annual Cash Flow
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