Difference between direct and indirect materials

Assignment Help Financial Accounting

Reference no: EM1376551

1. Describe the difference between direct and indirect materials. Give examples of each for a manufacturing company of your choice.

2.In your own words, describe the four levels of production activities and why they are important.

3. Will a company use LIFO for tax reporting and FIFO for external reporting? Why?

4. What two conditions must be met for a company to identify revenue?

Reference no: EM1376551

Questions Cloud

Determine consumer preference weather related information : Can observation method be used to determine consumer preference for weather related information. If so which observational method would you use also why.

Estimate an appropriate option pricing model : Two million options were forfeited when an executive resigned in 2012. All other options were exercised on 12th July, 2015, when the stock's price jumped unexpectedly to $19 per share.

Which optimistic time estimates can be used as crash times : If it were necessary to crash to 250 or 240 days, elucidate how would Hill do so, also at illustrate what costs? As noted in case, assume which optimistic time estimates can be used as crash times.

Find recourse after being fired from her job : Joan works for City Building and Records section. She was employed a year before Derrick who works in her section. One day, Derrick complained to her about her jewelry, a small gold cross she wore as a necklace.

Difference between direct and indirect materials : Describe the difference between direct and indirect materials. Give examples of each for a manufacturing company of your choice and describe the four levels of production activities and why they are important.

Can you imagine an analytical approach : Having been exposed to introductory material about ergonomics, can you imagine an analytical approach to documenting problem reported by drivers.

Elucidate how could he use technical human : Elucidate how Could He Use Technical Human Also Conceptual Skills To Maintain An Environment Which Encourages Innovation also professionalism in his CAP firm.

Find amount and character of noras recognized gain : Find the amount and character of Nora's recognized gain or loss and what are Nora's bases in Needle stock and note?

Illustrate range of output is theoretically possible line : Line will operate for 450 minutes per day. Illustrate what is minimum number of workstation needed if maximum output rate is to be sought. Illustrate what range of output is theoretically possible for line.

User Account

All Pages