L2 PCTN General Flashcards

Front

Cost Unit

Back

an individual unit for which the costs can be separately identified

Front

Cost Centre

Back

area of business for which costs will be separately ascertained

Front

Revenue Centre

Back

area of a business for which revenues will be separately ascertained

Front

Profit Centre

Back

area of business for which costs and revenues are ascertained

Front

Investment Centre

Back

area of business where costs, revenues, and net assets are ascertained

Front

Cost Classification by Function

Back

cost of sales

distribution costs

admin expenses

finance costs

Front

Cost Classification by Element

Back

materials

labour

overheads

Front

Cost Classification by Nature

Back

direct

indirect

Front

Cost Classification by Behaviour

Back

fixed

variable

semi-variable

stepped

Front

Direct Costs

Back

can be specifically attributed to a particular cost object