1. COSTS
VOCABULARY

2. Paola Andrea Rincón Gonzáles
Linda Jiseth Rincón Ochoa
Marketing and Finance Program
Semester third

3. 1. Statement of Income: it is a
statement showing the financial
capacity owned by the company to
generate new resources at the end of
each business cycle.
2. Cost: is all expenditure of money or resource
allocation runs a person or business so as to
allow it to manufacture a good or of a service,
in order to obtain benefits or future.

4. 3. Spending: is all expenditure of money or resource allocation in due
course meant a cost to the company, so that at a given date are
expired, since they have already generated the expected benefits.
4. Loss: is represented by the cost of items or services purchased by
a company, which have totally or partially lost their value, since they
do not represent the same benefit to this than expected at time of
purchase

5. 5. Chart of accounts: a list of accounts in
order and systematic manner, usually
coded according to the nature of them,
which takes an entity to register their
business.
6. Balance sheet: comprises assets, liabilities
and equity of a company at a given time: It is a
condition that primarily demonstrates the
economic and financial situation that
represents an entity to a dad date and is said
to be essentially static is like a photograph in a
given time.

6. 7. Statements of income: seeks detail the
source of income and composition of
expenditure incurred in the period, is dynamic
and reflects the economic capacity owned by
the company to win new resources
8. Production orders: transmitted to the head
of production department instructions which
must be made

7. 9. Materials request: specifies the amount and
cost of materials used in production processes
10. Time Card: displays the number and cost
of labor used in the production

8. 11. Sheet or departmental cost report:
accumulate costs of raw materials, labor and
manufacturing costs.
12. Raw material MP: Is the direct material
used in the manufacturing process, which
clearly identifies c on a product or batch of
products

9. 13. Labor: is the cost incurred by the
company by having the human effort to the
realization of direct fragile tasks
14. Indirect manufacturing costs: are those
costs that can not be identified with a
product or batch production

10. 15. Direct costing: is system is based mainly on the
analysis of the variability of the costs incurred by the
company, considering cost of an item all those values that
vary directly with the volume of production while those
that remain unchanged to the change is considered as an
expense
16. Historical costs: in this case the costs are calculated
when a product has completely finished in the period
previously defined

11. 17. Pre-determined costs: are estimates of
production costs incurred by a company,
whereby the cost of an item is called before
the production itself, such costs can be
estimated or standards.
18. Mixed costs: are those that jointly use
historic costs and pre-determined

12. 19. Order of production: is the form that is
issued by the department of planning and
control or similar movements put into the
functions of the other departments of the
company to begin production.
20. Return of Materials: originates in the
production department of the entity and is
intended to refer to the winery those materials
that have been left over in the production process,
the copy of this document was sent to department
costs to be lowered in order corresponding
production.

13. 21. Collection Sheet for feedstock: a worksheet that is used in the cost
department, which is structured by columns for each production order is
processing company, in which the total raw material costs are recorded used in
each production and total leaf moves to the respective costs.
22. Staff remuneration: in it the payment of remuneration is carried out to remove
workers, taken into account the wage system used by the company, in this form to
the employee, the gross amount of remuneration, legal descuentios is identified,
tales des variables and the liquid to be received by each officer.

14. 23. State sales costs: is to
present the cost of goods
sold which is formed in the
beginning inventory plus
the cost of finished
manufactured that period,
which lowers the ending
inventory of finished goods
products.
24. Depreciation: is
the expense that
every company must
take measures that
fixed assets wear out
through use and lose
their value

15. 25. Provision: systematic savings
that the owner should do well to
replace well worth zero dollars
when accounting
26. Costing: is the way I organize or
calculating costs, I used to fix prices,
reduce and control costs, future
planning and decision making