ACCT-2020 Study Guide - Comprehensive Final Exam Guide - Amplitude Modulation, Vertical Integration, Sunk Costs
20 Nov 2018
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Audio recording started: 11:18 am wednesday, january 24, 2018. Cogs = bfg (beginning finished goods inventory) + cogm (cost of goods manufactured) - efg (ending finished goods inventory) Actual overhead > applied overhead, then under applied (add to cogs) Actual overhead < applied overhead, then over applied (decrease cogs) = 1,530,000 budget oh / 85k = / computer hours a. Applied: 60k (acutal hours) x (poh rate) = 1. 08 m. Unadjusted cogs 2. 8 m + 270k = 3. 070m. Audio recording started: 11:21 am monday, february 12, 2018. Make sure you know the difference between sales and produced. Absorption costing - a costing method that includes all manufacturing costs direct materials, direct labor, and both variable and fixed manufacturing overhead in unit product costs. (p. 171) Common fixed cost - a fixed cost that supports more than one business segment, but is not traceable in whole or in part to any one of the business segments. (p. 181)
