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6 Cards in this Set
- Front
- Back
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Four areas in which services differ from products are
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intangibility, inseparability, heterogeneity, and perishability.
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__ refers to the greater chances for variation in the performance of services than in the production of products
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Heterogeneity
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If a firm produces unique products in small batches, and if those products incur different costs, then the firm must keep track of the costs of each product or batch. This is referred to as a
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job-order costing system
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__ is the recognition and recording of costs
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Cost accumulation
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__ involves determining the dollar amounts of direct materials, direct labor, and overhead used in production
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Cost measurement
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__ is the association of production costs with the units produced
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Cost assignment
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