CSCC Accounting 1212 Exam 1
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Managerial Acct - Answer✅✅focuses on the acct. tools managers use to run a
business; helps predict the future
JIT management - Answer✅✅company produces products just-in-time to satisfy
customers needs
Value Chain - Answer✅✅Includes all activities that add value to a company's
products and services
Period Costs (Selling and Administrative) - Answer✅✅Operating cost that is
expensed in the acct. period in which it is incurred
Product Cost - Answer✅✅cost of purchasing or making a product
Prime Cost - Answer✅✅Combine the direct cost of direct materials and direct labor
Cost Object - Answer✅✅Anything for which managers want a separate
measurement of cost
Conversion Cost - Answer✅✅combine direct labor w/ manufacturing overhead
Study Guide| Brand New Expert
Exam Questions with Clear Correct
Verified Answers| All Graded A+|
Latest Premium Update| 100%
Guaranteed Success.
Managerial Acct - Answer✅✅focuses on the acct. tools managers use to run a
business; helps predict the future
JIT management - Answer✅✅company produces products just-in-time to satisfy
customers needs
Value Chain - Answer✅✅Includes all activities that add value to a company's
products and services
Period Costs (Selling and Administrative) - Answer✅✅Operating cost that is
expensed in the acct. period in which it is incurred
Product Cost - Answer✅✅cost of purchasing or making a product
Prime Cost - Answer✅✅Combine the direct cost of direct materials and direct labor
Cost Object - Answer✅✅Anything for which managers want a separate
measurement of cost
Conversion Cost - Answer✅✅combine direct labor w/ manufacturing overhead
