Cost classification.docx
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7/21/2019 Cost classification.docx http://slidepdf.com/reader/full/cost-classificationdocx 1/2 Cost Data Nature or Manufacturing Cost Management Function Nonmanufacturing cost Timing of Recognition Product/inventoriable Cost As expense Period Costs FS B/S (inventory costs) I/S (cogs/other oerating costs Cost Behavior !ariable Costs "i#ed Costs Semivariable Costs Types of Inventory $a% Materials Inventory &IP "' Traceability to Direct Costs Cost b!ective Indirect Costs Managerial In"uence Controllable Costs Noncontrollable Costs #lanning an$ Control Standard costs Budgeted costs bsortion Costing/"ull Costing !ariable Costing/Direct Costing Information Costs rdering Costs ut*of*Poc+et costs Time Frame% commitment Committed costs To cost expen$iture Discretionary costs #erio$ of Incurrence ,istorical costs
Transcript of Cost classification.docx
7/21/2019 Cost classification.docx
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Cost Data Nature or Manufacturing CostManagement
Function
Nonmanufacturing cost
Timing of
Recognition
Product/inventoriable
CostAs expense Period Costs
FS
B/S (inventory costs)I/S (cogs/other
oerating costs
Cost Behavior
!ariable Costs
"i#ed CostsSemivariable Costs
Types of Inventory
$a% Materials
Inventory
&IP"'
Traceability to Direct CostsCost b!ective Indirect Costs
Managerial In"uenceControllable Costs
Noncontrollable Costs
#lanning an$ Control
Standard costsBudgeted costsbsortion Costing/"ull
Costing
!ariable Costing/DirectCostingInformation Costsrdering Costsut*of*Poc+et costs
Time Frame%
commitment
Committed costs
To cost expen$iture Discretionary costs
#erio$ of Incurrence ,istorical costs
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"uture costs
