# Cost Classifications in Accounting Flashcards

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$5,000 / 1,000 = $5 per spoon

FC + VC / Q = ATC

This means: fixed cost + variable cost / quantity = average total cost.

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## Flashcard Content Overview

Working with this set of flashcards can give you the chance to review the following accounting costs:

- Direct
- Indirect
- Fixed
- Variable
- Mixed
- Total
- Conversion
- Unit
- Sunk
- Irrelevant
- Prime
- Marginal
- Opportunity

You'll also be able to go over the formulas accountants use to calculate some of these costs. Additionally, these cards contain practice problems to help you put these formulas to use.

FC + VC / Q = ATC

This means: fixed cost + variable cost / quantity = average total cost.

$5,000 / 1,000 = $5 per spoon

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Accounting 303: Cost Accounting18 chapters | 152 lessons | 13 flashcard sets

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- Budgetary Processes Flashcards
- Cost Accounting for Decision Making Flashcards
- Cost Behavior Analysis Flashcards
- Cost Classifications in Accounting Flashcards
- Cost System Types in Accounting Flashcards
- Costing Methods & Techniques Flashcards
- Ethics & Trends in Accounting Flashcards
- Intro to Activity-Based Costing Flashcards
- Intro to Cost-Volume-Profit Analysis Flashcards
- Product & Service Costing Flashcards
- Service Department & Joint Cost Allocation Flashcards
- Standard Costs & Formulas for Accounting Flashcards
- Accounting 303: Cost Accounting Formulas
- Go to Studying for Accounting 303