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23 Cards in this Set
- Front
- Back
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FORMULA LABOT COST / UNIT x # of UNITS |
DIRECT LABOR COST |
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FORMULA RAW MATERIAL COST/ UNIT X # OF UNITS = |
TOTAL RAW MATERIAL COST |
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FORMULA TOTAL LABOR COST + TOTAL RAW MATERIALS + MANUFACTURING OVERHEAD = |
TOTAL COST OF PRODUCTION |
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LABOR COST/UNIT + RAW MATERIALS / UNIT + MANUFACTURING OVERHEAD/ UNIT = |
COST PER UNIT |
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FORMULA TOTAL LABOR COST - TOTAL LABOR HOURS = |
LABOR RATE PER UNIT |
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LABOR COST + RAW MATERIALS COST + MANUFACTURING OVERHEAD = |
COST OF GOODS SOLD / COGS |
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TOTAL REVENUE - COGS |
GROSS PROFIT |
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LABOR COST + RAW MATERIAL COST + MANUFACTURING OVERHEAD = |
COST OF ENDING INVENTORY |
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LUMPIA WRAPPER |
DIRECT MATERIALS |
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COOKING GLOVES |
INDIRECT MATERIALS |
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UBE HALAYA |
DIRECT MATERIALS |
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CONDENSE |
DIRECT MATERIALS |
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APRON |
INDIRECT MATERIALS |
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CONDENSE |
DIRECT MATERIALS |
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SUGAR |
DIRECT MATERIALS |
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MILK |
DIRECT MATERIALS |
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CUTTING |
FACTORY OVERHEAD |
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WASHING MATERIALS |
FACTORY OVERHEAD |
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cost refers to the cost of a business expense that doesn't change even when there's an increase or decrease in the number of goods and services produced or sold |
FIXED COST |
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materials and supplies that are consumed during the manufacture of a product, and which are directly identified with that product. |
DIRECT MATERIALS |
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goods that, while part of the overall manufacturing process, are not integrated into the final product. For example, disposable gloves, |
INDIRECT MATERIALS |
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corporate expense that changes in proportion to how much a company produces or sells. |
VARIABLE COST |
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costs incurred during the manufacturing process, not including the costs of direct labor and direct materials.it is normally aggregated into cost pools and allocated to units produced during the period |
FACTORY OVERHEAD |
