Online Accounting Dictionary

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Managerial accounting provides information that is useful in running a company by internal users. Such reporting is usually accomplished through custom designed reports.
Manufacturing costs are the costs incurred in producing a product. Includes direct materials, direct labor, and factory overhead.
Margin of safety is the amount by which target (budgeted) or existing sales volume exceeds (or falls short of) the break-even point.
Market value is the amount that would have been paid to replace the merchandise.
Merchandise inventory is goods that are held for resale by a merchandising company.
Mixed costs are costs that contain components of both variable and fixed cost behavior patterns. Mixed costs are sometimes called semi variable or semi fixed costs.
Multiple-step income statement shows numerous steps in determining a net income (or net loss). Each step provides a different measure of a company's results of operations.

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