Managerial Accounting Questions with 100% Correct Answers

Managerial Accounting Questions with 100% Correct Answers Marginal Cost - Extra cost of producing one additional unit of production. Unit Cost - The average production cost per unit Continuous Improvement - Ongoing small, incremental improvements in all parts of an organization Kaizan - short term approach to enhancing efficiency that focuses on improving an existing process or an activity within a process Direct Cost - a cost that can be easily and conveniently traced to a specified cost object. Direct Labor - the labor specifically used in the creation of a good. Direct Materials - the materials specifically used in the creation of a good. Indirect Cost - a cost that cannot be easily and conveniently traced to a specified cost object, a part of manufacturing overhead.