What is the point of distinguishing direct cost from indirect cost? Why is this not necessary in

Question:

What is the point of distinguishing direct cost from indirect cost? Why is this not necessary in process costing environments?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Accounting and Finance An Introduction

ISBN: 978-1292088297

8th edition

Authors: Peter Atrill, Eddie McLaney

See More Books

Question Posted: Feb 07, 2020 05:13 AM

See More Questions

What is the point of Stanley Fish's essay on coffee?
What is a direct cost? An indirect cost?
Explain equivalent units. Why are equivalent-unit calculations necessary in process costing?
Two spheres of mass 1 kg and 1 . 5 kg hang from the ends of two 1 . 5 meter long threads fixed at the ceiling point. The lighter sphere is pulled to one side so that its thread forms an angle of 6 0...
Oxidation of 4-tert-butylthiane (see Problem 16.23 for the structure of thiane) with sodium metaperiodate gives a mixture of two compounds of molecular formula C9H18OS. Both products give the same...
Sketch the set of points (described in spherical coordinates). = 2, = /4
What stakeholder affected by their behavior was Gilead weighting very lightly when it decided what to tell the FDA about the medicines it wished to have permission to sell?
The unadjusted trial balance that you prepared for PS Music at the end of Chapter 2 should appear as shown below. The data needed to determine adjustments are as follows: a. During July, PS Music...
Identify the entities and the relationships the diagram given below Translate the Diagram Into Relational Model Fname Minit Lname San Bdate Sex No Street Apt no City State Zip Name PERSON Address...
Freight car loadings over a 12-year period at a busy port are as follows: a. Determine a linear trend line for expected freight car loadings. b. Use the trend equation to predict expected loadings...
What problem does the existence of work in progress cause in process costing?
Are direct cost and variable cost the same thing? Explain your answer.
A large furniture store located in a city in the southwestern United States was interested in determining how households living in and around the city viewed the image of the store. Store managers...
Assume that variables hours and minutes hold an integer number of hours and minutes for a timer program. Minutes must have a value of 59 or less. After an hour has elapsed minutes should reset and...
Q10. Westgate in the problem 9, has decided to hire service representatives to implement a proactive service call strategy to address service issues using the following approach. Customers were...
Elaborate on the role of microkernel architectures in modern operating systems, highlighting their advantages and challenges in terms of modularity, extensibility, and fault isolation, and...
dassm an organization is moving to goal question metric gqm. What primary benefit?
Reflect on an organization or a company where you served as a volunteer, intern, or employee. Describe one significant ritual and one significant story you experienced while you were there and how it...
The balance sheet of Ron, Sue, and Tom, who share partnership profits 30 percent, 30 percent, and 40 percent, respectively, included the following balances on January 1, 2016, the date of...
Sportique Boutique reported the following financial data for 2012 and 2011. Instructions(a) Calculate the current ratio for Sportique Boutique for 2012 and 2011.(b) Suppose that at the end of 2012,...
The draft income statement for the most recent reporting period of Barchester United Football Club plc has reported a profit before tax of 48.8 million. An examination of the underlying records,...
Ondamin plc produced a draft income statement that revealed a profit before tax of 65.5million. Subsequent checking of the underlying records revealed the following: 1. A licence costing 10 million...
Ondamin plc produced a draft income statement that revealed a profit before tax of 65.5million. Subsequent checking of the underlying records revealed the following: 1. A licence costing 10 million...
Write a program that accepts a phone number of the form +1(xxx)-XXX-XXXX where x is a digit, and displays the sum of all digits in the phone number. Example (user's input in red, output in blue)...
4. (25 points) The reverse of a directed graph G is another directed graph GR with the same vertex set with the property that if (u, v) is an edge in G then (v, u) is an edge in GR. Consider the...
2. (25 points) The Fibonacci numbers Fo, F1,..., are defined by Fo 0, F11, Fn = Fn-1 + Fn-2 Use induction to prove that: (a) Use induction to prove that Fn 20.5n for n 6 (b) Use induction to prove...

What is the point of distinguishing direct cost from indirect cost? Why is this not necessary in

Question:

Step by Step Answer:

The only reason for distinguishing between direct and indirect costs is to help to deduce the full c...View the full answer

Accounting and Finance An Introduction

Students also viewed these Business questions