Out-of-Pocket Costs Definition
Sana Ahmed Out-of-Pocket Costs Definition: Out of Pocket Cost is actual cash outlays for salaries, advertising, repairs, and similar costs.
Other Materials Costing Methods – Month End Average Cost | Market Price at Date of Issue | Standard Cost
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…
Organizational Culture Definition
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 Definition: Organizational behavior is the field of study concerned with the actions (behavior) of people at work.
Organization Sustaining Activities Definition
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…
Organization Definition
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…
Organizational Chart Definition
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 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
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
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
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…
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…
Operating Leverage Definition
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…
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.…
Operating Department Definition
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 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
Operating Activities Definition: Transactions that enter into the determination of net income.
Open System Definition
Open System Definition: Open system is a system that dynamically interact with their environment.