| Definition | Term |
|---|
| Cost depends on the amount of resource used | |
| Cost depends on the amount of resource capacity that is acquired (not how much used) | |
| Cost that is uniquely attributable to a single cost object | |
| Any cost that is not a direct cost | |
| Purchases & Overhead Items -> Store Inventory -> Cost of Merchandise Sold | |
| Employee Hours & Overhead Items -> Project -> Project Cost | |
| DM & DL & Manufacturing Overhead Items -> Work in Process -> Finished Goods Inventory -> COGS | |
| Partially complete inventory that includes raw materials transformed by labor and overhead items | |
| Completed goods inventory | |
| Examples include heating, depreciation, supervisor salaries | |
| Examples include machine electricity usage and minor indirect materials such as thread and glue | |
| The account used for costs that have been allocated to production | |
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