Difference between a direct cost and an indirect cost

Assignment Help Managerial Accounting
Reference no: EM132988445

Question - What is the difference between a direct cost and an indirect cost? Direct costs are easy to identify. Do a little research and discuss a good example of an indirect material cost in the production of computer motherboards. Provide example of a direct labor cost and several indirect labor costs which might be incurred in the production of riding, lawn mowers.

Reference no: EM132988445

Questions Cloud

Prepare journal entry for issuance of bonds by brown-ferring : On March 1, 2021, Brown-Ferring Corporation issued $100 million of 12% bonds, Prepare the journal entry for the issuance of the bonds by Brown-Ferring.
Technology improvement and business : People in the soon future will face how the improvement of technology impacts the economy in developed and developing countries
What is the amount paid : a) Company ABC receives an invoice for Kshs 14,000 dated November 9thth with sales terms 2/10 ROG. The items arrive on November 13.
Prepare the journal entry to record restructuring of debt : Prepare the journal entry(s) to record the restructuring of the debt by Transit Developments. Transit Developments owed First City Bank Group $600,000
Difference between a direct cost and an indirect cost : What is the difference between a direct cost and an indirect cost? Direct costs are easy to identify
Find what is the present value of that payment : You won the lottery and promised single payment of $10,000,000, What is the present value of that payment if you have a 6%/year required rate of return?
How would find the un-amortized discount : How would find the un-amortized discount? On July 1, 2018, CPS Transportation issued $800,000 of 9% bonds. The bonds mature in 20 years
Quality of relationships with business contacts : Outline how you would seek and respond to feedback on the quality of relationships with business contacts.
Context of professional regulation : Healthcare reform can take place at multiple levels of government and in the context of professional regulation.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd