1. Explain the following in detail. Give relevant examples of the below. a)Direct cost b)Indirect Cost c)Fixed...
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Question:
1. Explain the following in detail. Give relevant examples of the below.
a)Direct cost
b)Indirect Cost
c)Fixed cost
d)Variable cost
e)Semi variable cost
2. Also, explain the Manufacturing Cost accounting cycle with an example.
Expert Answer:
Certainly Lets dive into each of these concepts 1 Direct Cost Direct costs are expenses that can be directly attributed to the production of a specific product or service These costs are easily tracea... View the full answer
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