Direct

= Located to a specific department

Indirect

= Not located to a specific department (overhead)

Overhead

= Indirect or undistributed

Fixed

= Fixed amount every period (rent)

Variable

= Amount that changes as sales changes

e.g. more rooms are sold which requires more cleaning

Gross profit

= Departmental sales - cost of sales

= Bruto winst

e.g. 10 euro cost of food, menu price of 20 euro = 10 euro gross profit

Depreciation

=

Is to be found on an income statement and is always fixed

Accumulated depreciation

=

Is to be found on a balance sheet

Utility

= gas, water, electricity

Turnover

= Revenue

Operating

= Generated to revenue (sales F&B, salary)

Non-operating

= Not generated to revenue (maintenance)

Sales

= p x q

Costs

= (c x q) + f

Cost effect

= (BC (Budget costs) - AC (actual costs)) x AQ (actual quantity)

sales: (AP - BP) x AQ

Quantity effect

= (BQ (budget quantity) - AQ (actual quantity)) x BC (budget costs)

sales: (AQ - BQ) x BP

	Created by grethe sinke about 5 years ago

Beginner Finance Note on Mangerial accounting, created by grethe sinke on 10/11/2020.

Mangerial accounting