Internal Rate of Return Definition
Shamsa Rafique Internal Rate of Return Definition: The discount rate at which the net present value of an investment project is zero; thus, the internal rate of return represents the interest Yield…
Cycle Time Definition
Abida Rehman Cycle Time Definition: Cycle time is the time required to make a completed unit of product starting with raw materials. Cycle time is also known as throughput time.
Internal Failure Cost Definition
Internal Failure Cost Definition: Internal failure costs are those costs that are incurred as a result of identifying defective products before they are shipped to customers.
Customer-Level Activities Definition
Customer-Level Activities Definition: Activities that are carried out to support customers but that are not related to any specific product.
Interdepartmental Services Definition
Interdepartmental Services Definition: Services provided between service departments. Also see Reciprocal services
Curvilinear Costs Definition
Curvilinear Costs Definition: A relationship between cost and activity that is a curve rather than a straight line.
Cross-Subsidization Definition
Cross-Subsidization Definition: Improper assignment of costs among a company's segments; also called cost distortion.
Informational Roles Definition
Informational Roles Definition: Managerial roles that involve receiving, collecting, and disseminating information. The three informational roles include monitor, disseminator, and spokesperson. Relevant Terms: Interpersonal Roles Decisional Roles
Industrial Revolution Definition
Industrial Revolution Definition: The advent of machine power, mass production, and efficient transportation.
Job Cost Sheet Definition
Sana Ahmed Job Cost Sheet Definition: A form prepared for each job that records the materials, labor, and overhead costs charged to the job.
Indirect Method of Cash Flow Definition
Indirect Method of Cash Flow Definition: A method of computing the cash provided by operating activities that starts with net income and adjusts it to a cash basis. It is…
Cost-Volume-Profit (CVP) Graph Definition
Cost-Volume-Profit (CVP) Graph Definition: The relations between revenues, costs, and level of activity in an organization presented in graphic form.
Indirect Cost Definition
Indirect Cost Definition: Indirect cost is a cost that cannot be easily and conveniently traced to the particular cost object under consideration.
Indirect Materials Definition
Indirect Materials Definition: Small items of material such as glue and nails. These items may become an integral part of a finished product but are traceable to the product only…
Indirect Labor Definition
Indirect Labor Definition: The labor costs of janitors, supervisors, materials handlers, and other factory workers that cannot be conveniently traced directly to particular products.
Cost Structure Definition
Cost Structure Definition: Cost structure is the relative proportion of fixed, variable, and mixed costs found within an organization.
Independent Variable Definition
Independent Variable Definition: An independent variable is a variable that acts as a causal factor; activity is the independent variable, as represented by the letter X in the following equation:…
Administrative Cost Definition
Sidra Farid Administrative Cost Definition Administrative costs are all executive, organizational, and clerical costs associated with the general management of an organization rather than with manufacturing, marketing, or selling.