Chapter 3- Operating Processes: Planning and Control
Terms in this set (17)
Bases that reflect the consumption of provision of resources.
A series of interrelated activities designed to produce the goods the company sells.
A cost that does not change in total as the amount of the activity driver changes throughout the relevant range.
A variable that does not depend on another variable.
The cost of all manufacturing resources used to make products that are not directly associated with production.
A cost that varies, but not proportionately, to a change in activity throughout the relevant range.
A revenue that varies, but not proportionately, to a change in activity throughout the relevant range.
A series of interrelated activities that involved the company interacting with suppliers.
A document sent from a buyer to a vendor to request items for purchase.
Goods returned to the seller by the buyer (buyer's perspective).
The span of operating activity that is considered normal for the company.
How a revenue reacts to change in the level of operating activity.
A series of interrelated activities designed to generate revenue.
Discounts offered to induce customers to pay their bills early (seller's perspective).
A document sent from a seller to a customer as a bill.
A cost that changes in direct proportion to the change in the amount of activity driver throughout the relevant range.
A revenue that changes in direct proportion to the change in the amount of activity driver throughout the relevant range.