Cost Accounting involves assigning costs to activities and processes.

Variance Analysis compares actual and planned performance to identify differences.

Profitability Analysis assesses a company's ability to generate income.

Activity-Based Costing (ABC) allocates overhead based on activities.

Decision Making aids in making decisions about business operations.

Performance Metrics assess the achievement of strategic objectives.

Break-Even Point is where revenues equal total costs.

Activity-Based Costing (ABC) assigns costs based on resource consumption.

Cost Accounting tracks and manages costs within an organization.

Cost-Volume-Profit (CVP) Analysis evaluates the impact of changes in sales volume.

Responsibility Accounting assigns costs to specific individuals or departments.

FIFO (First-In-First-Out) assumes inventory is used in the order acquired.

Standard Costing assigns predetermined costs based on historical data.

Relevant Costs are those affecting decision-making and can be avoided.

Contribution Margin is the amount earned after covering variable costs.

Activity-Based Costing (ABC) assigns costs based on activities.

Decision Making evaluates the financial impact of alternative actions.

Break-Even Point calculates the point where revenues equal costs.

Cost Allocation assigns costs to different stages or products.

LIFO (Last-In-First-Out) assumes the newest inventory is used first.

Return on Investment (ROI) assesses financial performance.

Forecasting projects future financial results based on data and assumptions.

Capital Budgeting assesses the financial feasibility of long-term projects.

Return on Investment (ROI) measures investment profitability.

Cash Flow Analysis assesses cash inflows and outflows.

FIFO (First-In-First-Out) assumes the oldest inventory is used first.

Variable Costs are associated with producing one additional unit.

Standard Costing assumes a constant unit cost over time.

Cost-Volume-Profit (CVP) Analysis assesses changes in sales volume and profits.

Decision Making evaluates the financial impact of alternative actions.

Standard Costing assigns costs based on a predetermined cost per unit.

Variable Costs remain constant per unit but vary in total with production volume.

Variance Analysis measures efficiency and identifies areas for improvement.

Variance Analysis compares actual results to budgeted or planned results.

Cash Flow Analysis estimates future cash inflows and outflows.

Value-Based Costing assigns costs based on the estimated value of products or services.

Contribution Margin measures the percentage contributing to covering fixed costs and generating profit.

Value-Based Costing focuses on the economic value added by an organization.

Sales Mix Analysis determines the optimal sales mix for maximizing overall profit.

Activity-Based Costing (ABC) assigns costs based on actual resource consumption.

Fixed Costs do not vary with changes in production volume.

Zero-Based Budgeting starts from scratch, building budgets from individual departments.

Throughput Time assesses the efficiency of production by measuring time per unit.

Cost Allocation assigns indirect costs to products or services.

Cost-Volume-Profit (CVP) Analysis assesses the financial impact of changes in various factors.

Variable Cost Ratio calculates the percentage of total costs that are variable in relation to total sales.

Flexible Budgeting adjusts the budget for changes in activity levels.

Variable Costs vary in direct proportion to changes in production volume.

Contribution Margin Ratio assesses resource efficiency in generating profit.

Variance Analysis identifies reasons for differences between planned and actual results.

Break-Even Point is where total revenue equals total costs.

Throughput Analysis measures efficiency by the number of units produced.

Activity-Based Costing (ABC) assigns costs based on actual resource consumption.

Incremental Budgeting adjusts the previous period's budget for changes.

Fixed Costs remain constant in total but vary per unit.

Flexible Budgeting adjusts the budget for changes in activity levels.

Incremental Budgeting starts with the previous period's budget, adjusting for changes.

Contribution Margin Ratio calculates the percentage of total sales as the contribution margin.

Value-Based Costing assigns costs based on estimated consumption of resources.

Decision Analysis estimates the financial impact of alternative courses of action.