Introduction to Managerial Accounting
What is Managerial Accounting?
What is the Difference Between Financial and Managerial Accounting?
What is the Difference Between a Single-step and a Multi-step Income Statement?
What is a Cost Object in Accounting?
How Do Costs Flow Through a Manufacturing Business?
What is the Difference Between Direct and Indirect Costs?
What is the Difference Between Prime Costs and Conversion Costs?
What is the Difference Between Product Costs and Period Costs?
What is Factory (Manufacturing) Overhead?
What is Cost of Goods Sold (COGS)?
What is a Statement of Cost of Goods Manufactured?
What are Selling and Administrative Expenses?
Job Order Costing
What is a Costing System in Accounting?
What are the Two Basic Types of Costing Systems?
What is the Difference Between Job Order and Process Costing?
What is Work in Process Inventory (WIP)?
How Do Costs Flow Through a Manufacturing Business?
What are the Four Types of Costs in Managerial Accounting?
What is Job Order Costing?
What is an Activity Base in Managerial Accounting?
What is Cost Allocation?
What is an Activity Driver in Managerial Accounting?
What is a Predetermined Factory Overhead Rate?
What is Underapplied (Under-absorbed) Factory Overhead Rate?
What is Overapplied (Over-absorbed) Factory Overhead Rate?
What is Applied Overhead?
What is a Job Cost Sheet?
What is a Work in Process Controlling Account?
What is Raw Materials Inventory?
What is Finished Goods Inventory?
Process Costing
What is a Costing System in Accounting?
What are the Two Basic Types of Costing Systems?
What is the Difference Between Job Order and Process Costing?
What is Process Manufacturing?
What is Work in Process Inventory (WIP)?
How Do Costs Flow Through a Manufacturing Business?
How Do Manufacturing Costs Flow Through with Process Costing?
What is a Cost of Production Report?
What are Equivalent Units in Process Costing?
Activity-Based Costing
What is Activity Based Costing?
What is Work in Process Inventory (WIP)?
How is Factory Overhead Allocated?
What are the Three Methods of Allocating Manufacturing Overhead to Products?
How Do You Calculate Single Plantwide Factory Overhead Rate?
How to Calculate Multiple Production Department Factory Overhead
What is Distortion of Product Costs in Activity Based Costing?
What is an Activity Rate in Activity Based Costing?
What is an Activity Base in Activity Based Costing?
What is an Activity Base in Managerial Accounting?
What is an Activity Driver in Managerial Accounting?
Support Department and Joint Cost Allocation
How to Allocate Support Department Costs
How is Factory Overhead Allocated?
What are the Three Methods of Allocating Manufacturing Overhead to Products?
How Do You Calculate Single Plantwide Factory Overhead Rate?
How to Calculate Multiple Production Department Factory Overhead
What is the Direct Method for Applying Support Department Costs?
What is the Sequential Method for Applying Support Department Costs?
What is the Reciprocal Services Method for Applying Support Department Costs?
What is a Joint Manufacturing Process?
What are Joint Costs in Manufacturing?
What is the Split-off Point in Manufacturing?
How are Joint Costs Allocated?
What is the Physical Units Method of Allocating Joint Costs?
What is the Weighted Average Method of Allocating Joint Costs?
What is the Market Value at Split-off Method of Allocating Joint Costs?
What is the Net Realizable Value Method of Allocating Joint Costs?
What is a By-product in the Joint Production Process?
Cost-Volume-Profit Analysis
What is the Difference Between Fixed Costs, Variable Costs, and Mixed Costs?
What is Contribution Margin Ratio?
What is Cost-Volume-Profit (CVP)?
What is Unit Contribution Margin?
What is Sales Mix (with example)?
What is Sales Mix in Cost-Volume-Profit Analysis?
What is Margin of Safety in Costing?
What is the High-Low Method for Mixed Costs?
Variable Costing for Management Analysis
What is Factory or Manufacturing Overhead?
What is the Difference Between Absorption Costing and Variable Costing?
What is Variable Cost of Goods Sold?
How Absorption and Variable Costing are Used for Decision-Making
What is the Difference Between Controllable and Uncontrollable Costs?
Budgeting
What is a Selling and Administrative Expense Budget?
What is a Budgeted Balance Sheet?
What is the Difference Between a Static Budget and a Flexible Budget?
What is the Purpose of a Budget?
Why Do Businesses Use Financial Budgets?
What is Continuous (Rolling) Budgeting?
What is a Capital Expenditures Budget?
What is a Cost of Goods Sold Budget?
What is a Direct Labor Cost Budget?
What is a Direct Labor Variance?
What is a Direct Material Variance?
What is a Direct Materials Purchases Budget?
What is a Factory Overhead Cost Budget?
What is a Factory Overhead Variance?
What is a Static (Fixed) Budget?
What is an Annual or Fiscal Budget?
What is a Budgeted Income Statement?
What is a Variance in Accounting?
What is a Variance Report in Accounting?
What is the Difference Between a Static Budget and a Flexible Budget?
What is Participative Budgeting?
What is a Responsibility Center?
What is Incremental Budgeting?
What Budgets are Used to Create the Master Budget?
What is the Difference Between an Operating Budget and a Financial Budget?
Evaluating Variances from Standard Costs
What Are Standard Costs in Accounting?
What is a Standard Cost Variance?
What is a Variance in Accounting?
What is a Variance Report in Accounting?
What is a Manufacturing Cost Variance?
What is a Direct Labor Cost Budget?
What is a Direct Labor Variance?
What is a Direct Material Variance?
What is a Direct Materials Purchases Budget?
What is a Factory Overhead Cost Budget?
What is a Factory Overhead Variance?
What is the Difference Between Ideal and Normal Standards in Standard Costing?
Evaluating Decentralized Operations
Differential Analysis and Product Pricing
What is Differential Analysis in Accounting?