Cost centers, main cost centers, secondary cost centers, primary costs, secondary costs, methods of transferring performance between centers, superstructure method, step method, equation method, production, production capacity, time funds, work in progress.
Managerial Economics
Block 3 - Cost controlling and production process
Keywords
You will be able to
- characterize cost centers
- describe the difference between primary and secondary costs
- distinguish between the superstructure, step and equation methods of transferring performance between centers
- define production capacity, production program
- explain the difference between types of time funds
- define and calculate work in progress
You will gain
- knowledge of how cost controlling works
- ability to categorize methods of transferring performance between centers
- knowledge of production capacity and time funds
- ability to explain parallel and serial arrangement of production units
- ability to apply the concepts of this block in economic problems
