AF 211 CH 6

Differential cost (revenue)

the difference in total cost (revenue) between 2 alternatives
Incremental cost includes

all of the costs of the other alternative plus some additional costs
Opportunity cost

the maximum available constribution to profit forgone (or passed up) by using limited resources for a particular purpose
Outlay cost requires a ... disbursement

cash
Managers of ten must decide whether to ... a product or service within the firm or ... it from an outside supplier

produce, purchase
Joint product have relatively significant ...

sales values
Joint product are not separately ... as individual products until their split-off point

identifiable
Split-off point

that juncture of manufacturing where the joint products become individually identifiable

Author

kbocautrangn

160547

Card Set

AF 211 CH 6

Description

midterm 2 study guide

Updated

2012-06-30T12:32:18Z