Inventory model:
Beginning flow
+Inflow
Available for outflow
-Outflow
Ending Balance
When calculating overhead:
If there is a debit balance, then overhead was under-applied.
If there is a credit balance, then overhead was over-applied.
Chapter 4
Batch costs: Costs related to the cost of setting up the assembly line or manufacturing equipment to make the product.
Product costs: Costs that are allocated across an entire product.
Facility level cost: Costs that come from the use of a facility (ex: property taxes).
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Last modified at 4/5/2008 6:12 PM by scott phillips
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