Solution-Classify all elements of cost into direct and

Classify all elements of cost into direct and indirect cost

Reference no: EM132567137

JUNE 2020

An investor would like to invest in orange juice production and he would like to know how much it will cost to produce a box of orange juice. With the vivid evidence from any orange juice production company to help with this activity.

REQUIRED:

Question a. Define and identify the cost object

Question b. Identify and discuss all cost elements of orange juice production

Question c. From (b) above, classify all elements of cost into direct and indirect cost and justify your answer. For example, Testers testing the quality of orange juice are direct labors because they are directly involved in the ensuring the quality of orange juice.

Question d. Which product-costing system best describe orange juice production, justify your answer.

Reference no: EM132567137

Questions Cloud

Calculate Oregano Inc net income : On January 2, 2020, Basil Corp. invested $4,150,000 in Oregano Inc. for 40% of its outstanding common shares. Calculate Oregano Inc net income

Big data analytics in e-healthcare industry : There are several benefits as well as challenges associated with the use of Big Data Analytics in the e-Healthcare industry.

Calculate the amount of charge that will be moved : The amount of charge that must be moved from one side of the capacitor to the other to establish a voltage, V, for a capacitor with capacitance

Hospital ransomware attack : What does the organization have to understand about this issue to really address the topic of Ransomware with hospitals?

Classify all elements of cost into direct and indirect cost : Classify all elements of cost into direct and indirect cost and justify your answer. For example, Testers testing the quality of orange juice are direct labors

What is the terminal voltage vba of the unknown battery : What is the terminal voltage Vba of the "unknown" battery?

What are limitations of using the payback method : Calculate the payback period for each of the three projects. Ignore income taxes. Using the payback? method, which projects should Cranes ?choose?

Similarity between the electron and the x-ray diffraction : Explain The similarity between the electron and the X-ray diffraction patterns of aluminium.

Calculate the charge on capacitor c1 : In the figure, let C1 = 3.1 µF , C2 = 5.00 µF , and Vab = +64.0 V.

User Account

All Pages

Classify all elements of cost into direct and indirect cost

Reference no: EM132567137

Reference no: EM132567137

Questions Cloud

Reviews

Write a Review

Cost Accounting Questions & Answers

Cost accounting assignment

Prepare the journal entries

Advise as to the liability of all the parties

Prepare revenues budget

Effect of exchange rate changes on cash and cash

Corporate governance

Cost-benefit analysis

Non-annual interest rates and annuities

Job costing in service organizations

Accounting for bad debt expense

Accounting and partnership problems

Development of relevant cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT