Synonyms For Differential Costs Include ______ Cost.

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Differential cost synonyms, differential cost antonyms – FreeThesaurus.com

cost price monetary value marginal cost incremental c… differenti… noun Synonyms for differential cost noun the increase or decrease in costs as a result of one more or one less unit of output Synonyms incremental cost marginal cost Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.

Another word for DIFFERENTIAL COST > Synonyms & Antonyms

Synonyms differential gear bevel gear pinion and ring gear 3. differential noun. [’ˌdɪfɝˈɛnʃəl’] a quality that differentiates between similar things. 4. cost-plus adjective. determining payment based on the actual cost of production plus an agreed-upon fee or rate of profit. Synonyms undetermined 5. low-cost adjective.

Accounting Exam 2 ch. 12 Flashcards – Quizlet

Synonyms for differential costs include ___ cost. (Select all that apply) a. avoidable b. incremental c. irrelevant d. sunk. avoidable. A cost that can be eliminated by choosing one alternative over another is a ___ cost. sunk . A cost that has already been incurred and cannot be avoided regardless of what a manager decides to do is referred to as a ___ cost. a. sunk costs b. future costs that …

Chapter 6 Flashcards | Quizlet

Synonyms for differential costs include _____ cost. incremental sunk irrelevant avoidable. incremental avoidable . A cost that can be eliminated in whole or in part by choosing one alternative over another is a(n) _____ cost. Multiple choice question. irrelevant avoidable incremental sunk. avoidable. The first step in decision making is to: Multiple choice question. identify relevant costs and …

Differential, opportunity and sunk costs – explanation and examples …

Differential cost: The work of managers includes comparison of costs and revenues of different alternatives. Differential cost (also known as incremental cost) is the difference in cost of two alternatives. For example, if the cost of alternative A is $10,000 per year and the cost of alternative B is $8,000 per year.

Decision Making Costs-Differential Cost and Revenue, Opportunity and …

Differential cost includes both cost increase (incremental cost) and cost decrease (decremental cost). In general the difference (cost and revenue) between alternatives are relevant in decision making. Those items that are the same under all alternatives can be ignored.

What Is a Differential Tuition Fee? | Synonym

A differential tuition fee is an extra charge students must pay in addition to the cost of tuition. The added fee helps ensure quality of instruction. Differential fees are often assessed in science classes and in distance learning courses that require more resources to offer than other classes.

Another Word For Incremental Cost > Synonyms & Antonyms

Incremental costs are also referred to as the differential costs and they may be the relevant costs for certain short run decisions involving two alternatives. Long-run incremental cost is a forward-looking cost concept that predicts likely changes in relevant costs in the long run.

Discretionary cost definition — AccountingTools

A discretionary cost is a cost or capital expenditure that can be curtailed or even eliminated in the short term without having an immediate impact on the short-term profitability of a business. Management may reduce discretionary costs when there are cash flow difficulties, or when it wants to present enhanced short-term earnings in the financial statements. However, a prolonged period of …

Incremental Cost – Overview, Calculation, Uses and Benefits

It is also known as differential cost . Understanding Incremental Cost Incremental cost is important because it affects product pricing decisions. If incremental cost leads to an increase in product cost per unit, a company may choose to raise product price to maintain its return on investment (ROI) and to increase profit.

What is the difference between a differential cost and an incremental …

I use the terms differential cost and incremental cost to mean the same thing: the difference in cost between two alternatives. (I use the term marginal cost when referring to the cost of producing the very next unit or operating for just one more hour, etc.) Example of Differential Cost and Incremental Cost

Cost object definition — AccountingTools

A cost object is any item for which costs are being separately measured. It is a key concept used in managing the costs of a business. Several types of cost objects are noted below. The most common cost objects are a company’s products and services, since it wants to know the cost of its output for profitability analysis and price setting.

Standard Cost (Definition, Examples) | What is Included?

Examples include rent payable, utilities payable, insurance payable, salaries payable to office staff, office supplies, etc. read more is $15 per hour, and the standard fixed cost is $100,000. The total hours that would be required for producing one unit are 10 hours. Find the standard cost of the company.

Solved Which of the following statements is false with – Chegg

Period costs and fixed costs are synonyms. Period costs may be included in inventory as reported on the balance sheet. Which of the following statements is false? Multiple Choice A common cost is a type of direct cost. A mixed cost has variable and fixed elements. Sunk costs are not differential costs. A cost object is anything for which cost data are desired—including products, customers …

Avoidable Cost Definition

An avoidable cost is an expense that will not be incurred if a particular activity is not performed. Avoidable costs refer primarily to variable costs that can be removed from a business operation …

Cost : definition of Cost and synonyms of Cost (English)

Social costs are the sum of private costs and external costs. For example, the manufacturing cost of a car (i.e., the costs of buying inputs, land tax rates for the car plant, overhead costs of running the plant and labor costs) reflects the private cost for the manufacturer (in some ways, normal profit can also be seen as a cost of production …

Avoiding more fixed costs than the company loses in

This preview shows page 19 – 21 out of 36 pages. avoiding more fixed costs than the company loses in contribution margin; an overall increase in net operating income. Product ABC has a contribution margin per unit of $10.00. Each unit of ABC requires 5 minutes of machine time and 10 minutes of labor time. Product XYZ has a contribution margin …

Cost Terminology | Accounting for Managers – Lumen Learning

Indirect material costs. The cost of materials necessary to manufacture a product that are not easily traced to the product or not worth tracing to the product. Indirect labor costs. The cost of workers who are involved in the production process but whose time cannot easily be traced to the product. For example, supervisors in the production process who oversee several different products and …

Incremental Cost Definition

Incremental cost is the amount of money it would cost a company to make an additional unit of product. Companies can use incremental cost analysis to help determine the profitability of their …

Irrelevant Cost – Definition, Examples, Top 3 Types

Notional / Non-Cash Costs – Notional / Non-cash costs can be coined as the costs which are not directly related to the outflow of cash and company need not have to incur any expense to bear these costs. Still, these costs will automatically take place on a non-cash basis.

Direct Cost, Variable Cost, Fixed Cost, Indirect Cost

A direct fixed cost is the second type of direct costs (the first being direct variable cost). A direct fixed cost is a cost which is directly related to the production process or service delivery but does not vary as per activity level. This cost would remain the same even if more or fewer units are produced.

Relevant cost – Wikipedia

A relevant cost (also called avoidable cost or differential cost) is a cost that differs between alternatives being considered. In order for a cost to be a relevant cost it must be: Future Cash Flow Incremental

Variable Costs – Examples, Formula, Guide to Analyzing Costs

It costs $5 in raw materials and $20 in direct labor to bake one cake. In addition, there are fixed costs of $500 (the equipment used). To illustrate the concept, see the table below: Note how the costs change as more cakes are produced. Break-even Analysis. Variable costs play an integral role in break-even analysis. Break-even analysis is …

Direct vs. Indirect Costs: What Is the Difference? | Indeed.com

Indirect costs are not. Activity type: Direct costs typically relate to production. Indirect costs more frequently have to do with administration. Variability: Direct costs tend to be variable, meaning they change when other factors do. For example, the price of fuel fluctuates regularly. Indirect costs are more often invariable.

Eric – Ed013085 – Differential Costs of Curricula in Comprehensive …

to determine relationships among costs of specialized vocational-technical curricula and general or liberal arts curricula, programs at eight public junior colleges were analyzed, and the total costs of educating a student in each curriculum were computed. seven conclusions are offered–1) most occupational and technical curricula cost more per student than liberal arts and transfer curricula …

Cost – Definition, Meaning & Synonyms | Vocabulary.com

The cost of something is how much money you need to spend on it. The high cost of a fancy coffee drink might surprise you.

Learn About the Different Types of Cost Objects

Here are 3 types of cost objects, output, operational and business relationship: Output: The most common cost objects are a company’s products and services. Assigning a cost enables profitability analysis and price setting. Operational: A cost object can be an area or function within a company, such as a department, tooling operation …

living cost differential index – Glosbe

In countries where cost-of-living differential factors are applicable and where the rates of taxation are lower than the staff assessment, reduction factors, determined by the Special Index for Pensioners in accordance with the appendix hereto, shall be applied to the above cost-of-living differential factors.] To reflect the Pension Board’s decision to suspend the special index provision …

ERIC – ED026033 – Research and Development Study of State Funding and …

This study determined curriculum costs in comprehensive junior colleges for one college-parallel, 28 technical, and 16 vocational curriculums. Differential costs were found for each of ten components identified for all curriculums. Aggregate curriculum costs were determined from the sum of the ten component costs. Differential costs were found among all curriculums and for the same curriculum …

Managerial Accounting Flashcards | Chegg.com

Synonyms for differential costs. incremental avoidable. Sell or process further decision . deciding what to do with a joint product at the split-off point. Joint products. Two or more products that are produced from a common input. Absorption Costing Approach (2 Steps)-Step 1 = compute unit product cost (full cost) -Step 2 = increase the unit product cost by the markup percentage . joint cost …