Question: Define direct costs and indirect costs . Explain why managers consider direct costs to be more accurate than indirect costs. Name three factors that affect

  • Definedirect costsandindirect costs.
  • Explain why managers consider direct costs to be more accurate than indirect costs.
  • Name three factors that affect a cost's classification as direct or indirect.
  • Define variable and fixed costs, and provide at least two examples of each
  • your essay must include an introduction, body, and conclusion, and address all relevant parts of each question. Your response should a minimum of 300 words in length. Make sure to cite any references you use. Proper citation format for a reference includes the name of the author(s), the title of the work, the date of the publication, and the page number.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Define direct costs and indirect costs. Explain why managers consider direct costs to be more accurate than indirect costs. Name at least two factors that affect a cost's classification as direct or...

Q:

1. 2. 1234 3. 4. Define cost object, and give three examples. Define direct costs and indirect costs. Why do managers consider direct costs to be more accurate than indirect costs? What is a cost...

Q:

Assignment: Brief 2: Portal Corporation Purpose To assess your ability to: define and illustrate a cost object distinguish between direct costs and indirect costs explain variable costs and fixed...

Q:

Question: Answer the questions below in essay format. Your essay must include an introduction, body, and conclusion, and address all relevant parts of each question. Your response should a minimum of...

Q:

1.Define cost object, and give three examples. 2. Define direct costs and indirect costs. 3. Why do managers consider direct costs to be more accurate than indirect costs? 4. What is a cost driver?...

Q:

Define direct costs and indirect costs and thenmake a list of three direct and three indirect costs for the Accounting Department at any college.Hint:See Exercise10in Chapter 2of youreText. Exercise...

Q:

Foxwood Company is a metal- and woodcutting manufacturer, selling products to the home construction market. Consider the following data for 2017: Required 1. Prepare an income statement with a...

Q:

Foxwood Company is a metal- and woodcutting manufacturer selling products to the home-construction market. Consider the following data for 2017: Sandpaper Material Handling Costs Lubricants and...

Q:

Berkeley College offers students a number of different majors and disciplines. These majors and disciplines have department chairpersons who are responsible for the department budget preparation....

Q:

foxwood company problem where we have the solutions but need to repeat and make a balance sheet (excel + formulas) with those numbers and have as a solution the same as in the picture. Explain the...

Q:

You have been hired as a consultant to a Mobile Development Firm. The organization would like your top three ideas for new mobile applications that would generate revenue for business. The three...

Q:

Canidae Corporation, based in San Luis Obispo, California, is a producer of pet food. One of its products is Felidae cat food. The Chicken and Rice Cat and Kitten Formula is a dry cat food that comes...

Q:

In the following code fragment, how many times are statement # 1 , statement # 2 , and statement # 3 executed when N = 5 ? Statement # 1 : 1 , Statement # 2 : 5 , Statement # 3 : 5 Statement # 1 : 1...

Q:

can someone answer this? i'll post the pictures separately. i'll just put a number on them. 3. The scconi element of a leasibility analysis is to perform an economic feasibility analysis (also called...

Q:

1. Too understand personal motivation.

Q:

3. Imagine three people you know relatively well. Consider which of the five positions they often use in the conversations they engage in with other people.

Q:

4. Select a person you want to model. Choose what you want to model in this person, such as relationship skills. a. Observe what he does and how he does this in relationships with others. b. Try to...