What is the difference between direct and indirect raw materials costs?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 63% (11 reviews)
Direct materials are those materials that can be directly t...View the full answer
Answered By
Saikumar Ramagiri
Financial accounting:- Journal and ledgers, preparation of trail balance and adjusted trail balance Preparation of income statement, retained earning statement and balance sheet Banks reconciliation statements Financial statement analysis Cash flow statement analysis (both direct and indirect methods) All methods of Depreciations Management Accounting:- Ratios Budgeting control Cash budget and production budget Working capital management Receivable management Costing:- Standard and variance costing Marginal costing and decision making Cost-volume-profit analysis Inventory management (LIFO, FIFO) Preparation and estimation of cost sheet Portfolio management:- Calculation of portfolio standard deviation or risk Calculation of portfolio expected returns CAPM, Beta Financial management:- Time value of money Capital budgeting Cost of capital Leverage analysis and capital structure policies Dividend policy Bond value calculations like YTM, current yield etc International finance:- Derivatives Futures and options Swaps and forwards Business problems Finance problems Education (mention all your degrees, year awarded, Institute/University, field(s) of major): Education Qualification Board/Institution/ University Month/Year of Passing % Secured OPTIONALS/ Major ICWAI(inter) ICWAI inter Pursuing Pursuing - M.com(Finance) Osmania University June 2007 65 Finance & Taxation M B A (Finance) Osmania University Dec 2004 66 Finance & Marketing. B.Com Osmania University June 2002 72 Income Tax, Cost & Mgt, Accountancy, Auditing. Intermediate (XII) Board of Intermediate May 1999 58 Mathematics, Accountancy, Economics. S S C (X) S S C Board. May 1997 74 Mathematics, Social Studies, Science. Tutoring experience: • 10 year experience in online trouble shooting problems related to finance/accountancy. • Since 6 Years working with solution inn as a tutor, I have solved thousands of questions, quick and accuracy Skills (optional): Technical Exposure: MS Office, SQL, Tally, Wings, Focus, Programming with C Financial : Portfolio/Financial Management, Ratio Analysis, Capital Budgeting Stock Valuation & Dividend Policy, Bond Valuations Individual Skills : Proactive Nature, Self Motivative, Clear thought process, Quick problem solving skills, flexible to complex situations. Achievements : 1. I have received an Award certificate from Local Area MLA for the cause of getting 100% marks in Accountancy during my Graduation. 2. I have received a GOLD MEDAL/Scholarship from Home Minister in my MBA for being the “Top Rank student “ of management institute. 3. I received numerous complements and extra pay from various students for trouble shooting their online problems. Other interests/Hobbies (optional): ? Web Surfing ? Sports ? Watching Comics, News channels ? Miniature Collection ? Exploring hidden facts ? Solving riddles and puzzles
4.80+
391+ Reviews
552+ Question Solved
Related Book For
Fundamental Managerial Accounting Concepts
ISBN: 978-0078110894
6th Edition
Authors: Edmonds, Tsay, olds
Question Posted:
Students also viewed these Managerial Accounting questions
-
What is the difference between direct and indirect labor?
-
What is the difference between direct and indirect financial compensation?
-
What is the difference between direct and indirect NCI?
-
Calculate the binding energy per nucleon for a 14/7N nucleus.
-
Data for Sargunaraj Manufacturing are given in BE4-1. Supporting records show that (a) The assembly department used $64,000 of raw materials and $45,000 of the factory labour, (b) The finishing...
-
(a) Explain how the amount of a provision should be measured. (b) A company needs to make a provision for the cost of repairing a faulty product supplied to a customer some weeks previously. The...
-
Discuss why it is important to report significant changes in a patients condition to the treating physician.
-
Each of the processes listed is noncentered with respect to the specifications for that process. Compute the appropriate capability index for each, and decide if the process iscapable....
-
Farr Demolition stock sells for $23 per share. The firm has a rights offer outstanding for new equity shares. DeAndrea currently owns 200 shares. She just received one right for every share she owns....
-
You want to examine how exposure to thin or heavy models in advertisements influences a persons self-esteem. You believe that the effect of exposure to models in advertisements depends on the...
-
Valuation of brand name. When an acquiring firm purchases another firm with established brand names, it will likely allocate a portion of the purchase price to the brand names. Measuring the fair...
-
Direct raw materials were purchased on account, and the costs were subsequently transferred to Work in Process Inventory. How would the transfer affect assets, liabilities, equity, and cash flows?...
-
Consider the following information for Mr. and Mrs. Di Palma: On June 10, 2016, they sold their principal residence for $80,000 and incur $6,000 of selling expenses. The basis of the residence,...
-
What method should you use for this Amazon yen transaction to avoid paying extra fees? To pay with the Japanese Yen or US dollars?
-
Futures and forwards are (choose all that apply): Group of answer choices Useful for hedging Very similar to options in that the buyer of the contract has the option not to exercise Used to take...
-
An increase in foreign investment in a country, Blank______. Multiple choice question. shifts the LRAS to the left does not affect the capital stock increases the capital stock decreases the capital...
-
Describe two theoretical models used in active financial portfolio management.
-
Assignment- Determining Out-of-Pocket Costs is a set of quantitative questions comprising two parts. In Part 1, you examine an insurance identification card and determine key information. In Part 2,...
-
A rigid tank of volume 0.5 m3 is connected to a pistoncylinder assembly by a valve as shown below. Both vessels contain pure water. They are immersed in a constant-temperature bath at 200C and 600...
-
F.(3e* -2x 3 sin(2x)) is equal to 2 3 Cos 8. IT 3, t (4+@ 2 3, 1+o 1 4 Cos 4 4 1 3. 1 +4cos V7 (1+o 4 1 4 Cos 4 1+0 4-
-
Would eating candy bars, high in sucrose rather than complex carbohydrates, help build up glycogen stores?
-
Suppose you are assigned the task of determining the route of a new highway through an older section of town. The highway will require that many older homes must be either relocated or torn down. Two...
-
Identify benefits and costs for Problem 1-21.
-
In the fall, Jay Thompson decided to live in a university dormitory. He signed a dorm contract under which he was obligated to pay the room rent for the full college year. One clause stated that if...
-
Provide References In September of 2015, the EPA issued Volkswagen ( OTCPK:VLKAY ) a notice of violation of the Clean Air Act of 1963. The EPA accused the Volkswagen Group of intentionally...
-
2. Find c such that A is invertible 1 0 A= -1 -1 3 1 0 2c -4]
-
Futura Company purchases the 4 0 , 0 0 0 starters that it installs in its standard line of farm tractors from a supplier for the price of $ 8 . 4 0 per unit. Due to a reduction in output, the company...
Study smarter with the SolutionInn App