Define direct cost and indirect cost and provide an example of each.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 72% (11 reviews)
Direct and indirect costs are specified in relation to distinct cost obje...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Management Accounting Information for Decision-Making and Strategy Execution
ISBN: 978-0137024971
6th Edition
Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young
Question Posted:
Students also viewed these Cost Accounting questions
-
Provide an example of each of the three types of models that might apply to designing a car, a house, and an office building. Explain why requirements models are logical models rather than physical...
-
Provide an example of each of the three primary information security areas: authentication and authorisation; prevention and resistance; and detection and response.
-
Define and give an example of each of the methods of gathering survey data. Under what circumstances should researchers choose a specific approach?
-
Here are the comparative income statements of Eudaley Corporation. Instructions (a) Prepare a horizontal analysis of the income statement data for Eudaley Corporation, using 2013 as a base. (Show the...
-
Prepare a horizontal analysis of the comparative income statement of Keesha Shoes Inc. (shown on the next page). Round percentage changes to the nearest one-tenth percent (three decimal places). Why...
-
In the current environment, we contrasts the American and Chinese economies in terms of using global, ethical, political, physical, and societal indicators.Does the size and growth of the economies...
-
Why did Congress pass the Health Care Quality Improvement Act of 1986?
-
Arsenal Electronics is to construct a new $1.2 billion semiconductor plant and has selected four small towns in the Midwest as potential sites. The important decision criteria and grades for each...
-
Each question below is 1 point each, for a total of 3 extra credit points. There is no time limit on this. 1. What are free cash flows? 2. Explain the difference between a company's operating cash...
-
Case Application 11: RETHINKING COMPENSATION AT FIRST MERITBANK Christopher Maurer, executive vice president for human resourcesat FirstMerit Bank headquartered in Akron, Ohio, needed to solve amajor...
-
Compare the defining characteristic and cost behavior of a consumable (flexible) resource to those of a capacity-related resource.
-
What has increased the need for cost systems that accurately deal with indirect manufacturing costs?
-
A element of material in plane strain (see figure) is subjected to strains, (x = 480 ( 10-6, (y = 70 ( 10-6, and (xy = 420 ( 10-6. Determine the following quantities: (a) the strains for an element...
-
Which one of the following is a characteristic of a horizontal structure? A. Supervision is greater than it is with other structures. B. Employees are told what to do, not why they're doing it. ...
-
One of the slides in Module 1 shows a snapshot of an electromagnetic wave in time, where the electric (E) and magnetic (H) fields appear to have the same phase at each point in space (i.e., the waves...
-
Why is it important for firms to focus on forecasting models? explain
-
Team-Based Activity Analyze the case study collectively and collaboratively develop a solution or strategy to address the challenge. Write a one page, single-spaced summary of your team's chosen...
-
9 . There is an increase in competition as geographical barriers are overcome. The ability to use one common resource to provide different products and services is: A . diversification B . vertical...
-
Use a signaling argument to explain why students return to school to pursue an MBA and why the market rewards individuals who obtain an MBA with higher salaries.
-
A bubble-point liquid feed is to be distilled as shown in Figure. Use the Edmister group method to estimate the mole-fraction compositions of the distillate and bottoms. Assume initial overhead and...
-
Suppose Patagonia has a government surplus of $10 billion. At the same time, private investment in Patagonia exceeds private savings by $15 billion. What can you conclude about Patagonia's balance on...
-
Pamela McDonald, chief management accountant and controller for Murray Manufacturing Inc., was having lunch with Roger Branch, manager of the companys power department. Over the past six months,...
-
Jan Shumard, president and general manager of Danbury Company, was concerned about the future of one of the companys largest divisions. The divisions most recent quarterly income statement follows:...
-
Jan Shumard, president and general manager of Danbury Company, was concerned about the future of one of the companys largest divisions. The divisions most recent quarterly income statement follows:...
-
Vanguard Corporation issued $8,000,000 of 10% bonds on September 1, 2023, due on September 1, 2029. The interest is to be paid twice a year on August 31 and February 28. The bonds were sold to yield...
-
If football matches were shortened form 90 minutes to 45 minutes, would you expect more uncertainty of outcome or less? Refer to any sports economic theories.
-
The Canadian Restaurant Association states that the restaurant industry has an economic effect of more than $1.7 trillion annually, with every dollar spent in restaurants generating an estimated...
Study smarter with the SolutionInn App