predetermined overhead rate
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Estimated Total MOH (fixed and variable) / Estimated Total Cost Driver
Contribution Income Statement
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Sales
- Variable Costs
= Contribution Margin
- Fixed Costs
= Net Operating Income
, Relevant range of fixed cost
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range of activity for which the total cost remains constant
Mixed Cost
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cost that contains elements of both variable and fixed ex. utilities like
electricity that usually charge a base rate plus an amount per activity level
Relevant range of variable cost
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range of activity for which the cost per unit is constant
plantwide overhead rate
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a single overhead rate calculated by using all estimated overhead for a firm
divided by the estimated cost driver
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Estimated Total MOH (fixed and variable) / Estimated Total Cost Driver
Contribution Income Statement
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Sales
- Variable Costs
= Contribution Margin
- Fixed Costs
= Net Operating Income
, Relevant range of fixed cost
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range of activity for which the total cost remains constant
Mixed Cost
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cost that contains elements of both variable and fixed ex. utilities like
electricity that usually charge a base rate plus an amount per activity level
Relevant range of variable cost
Give this one a try later!
range of activity for which the cost per unit is constant
plantwide overhead rate
Give this one a try later!
a single overhead rate calculated by using all estimated overhead for a firm
divided by the estimated cost driver
