Sana Archive
Out-of-Pocket Costs Definition: Out of Pocket Cost is actual cash outlays for salaries, advertising, repairs, and similar costs. Recommended Books ! Or Download E accounting book in MS-word format for just 20 $ - Click here to Download
Other Materials Costing Methods – Month End Average Cost | Market Price at Date of Issue | Standard Cost: Although first in first out (FIFO), average cost, and last in first out (LIFO) are commonly used methods of costing materials units into work in
Organizational Culture Definition: Organizational culture system of shared meaning and beliefs held by organizational members that determines, in large degree, how employees act.
Organizational Behavior Definition: Organizational behavior is the field of study concerned with the actions (behavior) of people at work.
Organization Sustaining Activities Definition: Organizational sustaining activities are those activities that are carried out regardless of which customers are served, which products are produced, how many batches are run, or how many units are made.
Organization Definition: An organization is a deliberate arrangement of people to accomplish some specific purpose. Each organization has three characteristics; first, each organization has a distinct purpose. This purpose is usually expressed in terms of a goal or a set of goals that organization
Organizational Chart Definition: Organizational Chart is a visual diagram of a firm’s organizational structure that depicts formal lines of reporting, communication, and responsibility between managers.
Organizational Chart Definition: Organizational Chart is a visual diagram of a firm’s organizational structure that depicts formal lines of reporting, communication, and responsibility between managers.
Optional Straight Line Method Definition: A method of computing depreciation deductions under MACRS that can be used instead of the MACRS tables.
Operations Management Definition: The design, operation, and control of the transformation process that converts resources (labor and raw materials etc.) into finished goods or services.
Operation Costing System or Hybrid Costing System: Learning Objectives of this article: What is operation costing or hybrid costing system. Explain with examples. Definition: Operation costing is a hybrid costing system that employs aspects of both job order and process costing. Explanation and Uses
Operating Ratio: Definition: Operating ratio is the ratio of cost of goods sold plus operating expenses to net sales. It is generally expressed in percentage. Operating ratio measures the cost of operations per dollar of sales. This is closely related to the ratio of
Operating Leverage Definition: Operating leverage is a measure of how sensitive net income is to a given percentage change in sales. It is computed by dividing the contribution margin by net income. This page only defines the term click here to read full article
Operating Leverage and Degree of Operating Leverage (DOL): Definition and Explanation of Operating Leverage: A lever is a tool for multiplying force. Using a lever, a massive object can be moved with only a modest amount of force. In Business, operating leverage serves a
Operating Department Definition: Operating department is a department or similar unit in an organization within which the central purposes of the organization are carried out.
Operating Assets Definition: Operating assets are cash, accounts receivable, inventory, plant and equipment, and all other assets held for productive use in an organization.
Operating Activities Definition: Transactions that enter into the determination of net income.
Open System Definition: Open system is a system that dynamically interact with their environment.