Page 6 - Cost Dictionary
P. 6

PRODUCTION                                                               PURCHASE                                                                   QUALITY





                                The process of



                    producing commodities

                                                                                                                                                                          How good or bad
                          (= oil, metals, crops,                                               Something that you

                                                                                                                                                                               something is

                      etc.) or manufacturing                                                                       buy



                              goods to be sold





                                      Producción                                                               Compras                                                                Calidad








                                          RAW                                                   RESALE PRICE                                                                  RETURNS



                                MATERIAL                                                         A price at which an                                            It is the process by which a




                            A substance in its                                                                                                                            customer who has
                                                                                                  article is resold by                                              previously purchased a

                       natural state that will                                                                                                                    merchandise returns it to
                                                                                                 a business concern

                              be used to make                                                                                                                        the store and in return
                                                                                                      that buys it for                                            receives cash for a return


                        something else in an
                                                                                                                 resale                                           or, in some cases, another

                           industrial process                                                                                                                                             item



                               Materia Prima                                                           Precio de Venta                                                            Devoluciones










                                       SALES                                                            STORAGE                                                                        TAX
                                                                                                                                                                   An amount paid to the


                                                                                        The act of keeping things                                                 government based on a



                                                                                          somewhere so that they                                                        person's income, a
                      The number of items

                                                                                                  can be used later,                                                company’s profits, the

                                           sold                                                                                                                         value of goods and

                                                                                                especially goods or
                                                                                                                                                              services, etc, or this money

                                                                                                    energy supplies
                                                                                                                                                                      considered together


                                         Ventas                                                     Almacenamiento                                                                 Impuestos









                              T -ACCOUTN                                                                   VALUE                                                                    WAGE



                          A simple table in the


                      shape of a T, that shows


                        money going out of an                                                                                                                 An amount of money that


                       account on the left and                                               The amount of money                                                   is paid, usually every



                        money going in on the                                             that something is worth


                    right, used for example in                                                                                                                 week, to an employee for


                                  double-entry                                                                                                                                   their work


                                   bookkeeping                                                                   Valor


                                       Cuenta T                                                                                                                                      Salario
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