Bundle for Cost and Managerial Accounting WGU C250 exams compilation | everything you need

Conversion Costs Calc - DL + MOH (converts DM to finished product) Period Costs Calc - Selling Expenses + Administrative Expenses Conversion Costs Calc - DL + MOH Prime Cost Calc - DM + DL Mixed Cost Equation - Y = a + bX Y= total mixed Costs a= total fixed costs b= variable costs per unit X...

Predetermined Overhead Rate - estimated overhead costs / estimated activity base Overhead Applied - Predetermined Overhead Rate * Actual Amount of Activity Base for period Direct Materials Used in Production - beginning raw materials inventory + purchases of raw materials - ending raw materials i...

Conversion cost = - Direct labor + Manufacturing overhead Predetermined Overhead rate (POR) = - Estimated total manufacturing overhead cost/Estimated total amount of allocation base (Usually hours) Overhead applied directly to a job = - (POR) * amount of allocation base applied to job Total manu...

Conversion cost = - Direct labor + Manufacturing overhead Predetermined Overhead rate (POR) = - Estimated total manufacturing overhead cost/Estimated total amount of allocation base (Usually hours) Overhead applied directly to a job = - (POR) * amount of allocation base applied to job Total manu...

direct cost - a cost that can be easily and conveniently traced to a specific cost object indirect cost - a cost that cannot be easily and conveniently traced to a specific cost object common cost - a indirect cost that is incurred to support a number of cost objects but cannot be traced to them ...

Business Process - A series of steps that are followed in order to carry out some task in a business. (Pg. 14) Corporate Social Responsibility - A concept whereby organizations consider the needs of all stakeholders when making decisions. (Pg. 14) Decision Making - Selecting a course of action f...