Provides an overview of a company's assets, liabilities, and stockholders' equity as a snapshot in time.

OE stands for?

Involves collecting and analyzing historical data and applying quantitative models, techniques, tools, and databases to predict a program’s future cost.

The impact on the operating profit due to the varying levels of volume and the costs and determines a break-even point for cost structures with different sales volumes that will help managers in making economic decisions for short term.

A cost that changes in total in direct proportion to a change in an organization’s activity.

This is subject to the control or substantial influence of a particular individual.

It is mostly used in the manufacturing industry since it enhances the reliability of cost data, hence producing nearly true costs and better classifying the costs incurred by the company during its production process.

Defined as benefit that is sacrificed when the choice of one action precludes taking an alternative course of action.

Cost that have been incurred in the past.

CF stands for?

A cost that remains unchanged in total as the level of activity varies.

COGS stands for?

The first step in Activity Based Cost