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...
-
How is Netflix an Innovator? What are the consequences to competitors of Netflix's innovations?
-
Suppose that we can use wire of \(1.0-\mathrm{mm}\) diameter to make either a single loop of wire or a solenoid, and we wish to compare, for a given current, the magnetic fields at the center of...
-
Selected transactions for Alvarado Company during its first month in business are presented below. Sept. 1 Invested $10,000 cash in the business in exchange for common stock. 5 Purchased equipment...
-
n 1 1. lim tantan is equal to 004-1 1+r+r2 2. 3. If the least and the largest real values of a, for which the equation z + a |2-1+21=0(z=C and i=1) has a solution, are p and q respectively, then 4(p...
-
Find the Laplace Transform of this: e -a(t+2)
-
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?...
-
Can a shock wave develop in the converging section of a convergingdiverging nozzle? Explain.
-
Find the moment of inertia of the \(\mathrm{NH}_{3}\) molecule (data given in the question 3) with respect to the axis perpendicular to the plane containing the three \(\mathrm{H}\) atoms and passing...
-
A constant force of magnitude \(10 \mathrm{~N}\) lies in the \(x y\) plane and forms an angle of \(30^{\circ}\) with the \(x\) axis. Calculate the work done when its point of application moves from...
-
A thin, homogeneous disk of radius \(\mathrm{R}=50 \mathrm{~cm}\) and mass \(\mathrm{m}=200 \mathrm{~g}\) lies in a plane. Calculate the moment of inertia with respect to any of its diameters.
-
On a rotating platform with angular frequency \(\omega=1.5 \mathrm{rad} / \mathrm{s}\) a small spring cannon is fixed, at a distance \(R=2.0 \mathrm{~m}\) from the center. The small cannon, arranged...
-
Find nth smallest element in a binary search tree. Nth in order in a binary tree.
-
What were two potential concerns with the new system under TCJA?
-
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...
-
Skysong needs to calculate the company's expected cash receipts for the upcoming month to determine whether additional financing is needed. Typically, the company's sales consist of 40% cash sales...
-
The value of NSE index is 1140. The continously compunded risk free rate is 4.6% amnd continous dividend yield is 2.1%. Calculate the no arbitrage price for a 140 day forward contract on the index
-
Explain why MNCs such as Coca Cola and PepsiCo, Inc., still have numerous opportunities for international expansion. Explain briefly
Study smarter with the SolutionInn App