Explain the difference between a direct cost and an indirect cost.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 63% (11 reviews)
A direct cost can be directly traced to a cost obj...View the full answer
Answered By
Wahome Michael
I am a CPA finalist and a graduate in Bachelor of commerce. I am a full time writer with 4 years experience in academic writing (essays, Thesis, dissertation and research). I am also a full time writer which assures you of my quality, deep knowledge of your task requirement and timeliness. Assign me your task and you shall have the best.
Thanks in advance
4.90+
63+ Reviews
132+ Question Solved
Related Book For
Accounting Business Reporting For Decision Making
ISBN: 9780730302414
4th Edition
Authors: Jacqueline Birt, Keryn Chalmers, Albie Brooks, Suzanne Byrne, Judy Oliver
Question Posted:
Students also viewed these Accounting questions
-
What is the difference between a direct cost and an indirect cost? Give an example of each in the context of teaching an accounting class at your school.
-
Explain the difference between a direct loss and an indirect or consequential loss.
-
Distinguish between a direct cost and an indirect cost.
-
For a certain company, the cost function for producing x items is C(x)=30x+100 and the revenue function for selling x items is R(x)=0.5(x70)^2+2,450 . The maximum capacity of the company is 100...
-
1. Was Acmes rejection lawful? 2. Did Acme give seasonable notification of rejection?
-
Explain what is meant by differentiation and integration of the internal structure of an organisation. What are the implications of differentiation and integration, and what mechanisms might be...
-
Derive the general solution for \(\psi\) given in the text (Eq. (15.9)). 0 (r,n) = A++ Bnr "+1 + Cnr -" + Dnr"1Qn(n) 2-n (15.9) n=1
-
You have just turned 30 years old, have just received your MBA, and have accepted your first job. Now you must decide how much money to put into your retirement plan. The plan works as follows: Every...
-
A firm is considering purchasing a new seed-counting machine. The machine will cost $67,000 and will have a 2-year service life. The selling price of the machine at the end of 2 years is expected to...
-
You work for Wilbur Intergalactic, Ltd., a leading North Carolina processor and purveyor of North Carolinastyle pork barbecue. Certain areas of North Carolina centered around Wilson, N.C., are known...
-
Jess Brooks has recently graduated from a business school and has joined the family business as an accountant. At the first management meeting with production, marketing and sales, a great deal of...
-
Mallett Manufacturing estimates the following activity for 2013: Expected production 50 000 units Expected direct labour hours 5000 hours Expected manufacturing overhead $200 000. Manufacturing...
-
Darden filed an application with the Copyright Office seeking to register his website, which he titled APPRAISERSdotCOM. He described his website as a derivative work based on U.S. Census black and...
-
When calculating a companys WACC, should book value, market value, or target weights be used? Explain.
-
Why is the cost of capital sometimes referred to as a hurdle rate?
-
How is capital budgeting similar to security valuation? How is it different?
-
What constraints affect dividend policy?
-
What are three factors under the firms control that can affect its cost of capital?
-
Find the size of each of the unknown angles in these diagrams: a. b. c. d. e. f. g. h. 40 b b a
-
Explain the term "Equivalent Units". Why are they calculated in process costing? [4 Marks] [minimum 350 words]
-
Ginger Enterprises began the year with total assets of $500,000 and total liabilities of $250,000. Using this information and the accounting equation, answer each of the following independent...
-
Using the accounting equation, answer each of the following independent questions. 1. Burlin Company starts the year with $100,000 in assets and $80,000 in liabilities. Net income for the year is...
-
Using the accounting equation, answer each of the following independent questions. 1. Burlin Company starts the year with $100,000 in assets and $80,000 in liabilities. Net income for the year is...
-
Non-liquidating distributions can be dividends, return of capital, or capital gain income to a shareholder. What type of distribution would be capital gain?
-
TranscribedText: Req A1 Req A2 Req C1 Req C2 Req D1 Req D2 Complete the table under the current cost system. (Round your intermediate calculations and final answers to 2 decimal places. Negative...
-
Anton's Fresh Fish and Produce is a wholesale distributor that operates in central Florida. An analysis of two of the company's customers, Seaside Spa and Sigma Assisted Living, reveals the data that...
Study smarter with the SolutionInn App