Please enable JavaScript.
Coggle requires JavaScript to display documents.
Man. Acc. 2 & 4 (inventory (Finished Goods, WIP, COGS, Raw Materials),…
Man. Acc. 2 & 4
inventory
Finished Goods
WIP
COGS
Raw Materials
Y=a+bx
Total Cost = fixed + variable * number of units
Variable Cost
Fixed Cost
3 things that go into Cost
Direct Material
Overhead
Direct Labor
Overhead
Direct
Indirect
Job Order Costing
When a company makes many different kinds of products
Variance = Difference between forecast and actual numbers