User Account

All Pages

Explain the terms direct and indirect costs

Assignment Help Accounting Basics
Reference no: EM132569873

Question - Explain the terms 'direct' and 'indirect' costs. Your answer should include an explanation of the way in which a cost item can be both a direct and indirect cost.

Reference no: EM132569873

Questions Cloud

How much should Emma include in her gross income : Emma subsequently received $3,000 this year in damages from a personal injury action. How much should Emma include in her gross income
What the amount of research and development costs charged : What The amount of research and development costs charged to Hall's 2011 income statement should be? Hall Co. incurred research and development costs
Important to accomplishing corporate objectives : Having staff with the proper skill sets is immensely important to accomplishing corporate objectives.
What amount should the patent be carried on the december : Harrel Company acquired a patent on an oil extraction, What amount should the patent be carried on the December 31, 2011 balance sheet?
Explain the terms direct and indirect costs : Explain terms 'direct' and 'indirect' costs. Your answer should include an explanation of the way in which a cost item can be both a direct and indirect cost
What barkley would record a loss on impairment of : What Barkley would record a loss on impairment of? The information is available for Barkley Company's patents.Expected future net cash flows 800,000
Discuss the concepts of opportunity cost and sunk cost : Discuss the concepts of 'opportunity cost' and 'sunk cost'. Your answer should include some suggested situations in which the concepts might be applied
What portion of the computer software costs should expensed : 2012 - P800,000; 2013 - P800,000; and 2014 - P400,000. What portion of the P1,500,000 computer software costs should be expensed in 2010?
What amount should platteville report for intangible assets : What amount should Platteville report for intangible assets on the 12/31/10 balance sheet? Patent, net of P30,000 amortization 70,000

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the journal entry for the sale

Styles Dress Company previously purchased 10,000 shares of treasury stock on the open market for $8 per share. What is the journal entry for the sale

  K01 also can be purchased from an outside supplier at 50

ki corporation produces 10000 units of k101 each week for use in the assembly of its finished products. the unit cost

  Fryer inc owns equipment for which it paid 90 million

Fryer, Inc., owns equipment for which it paid $90 million. At the end of 2011, it had accumulated depreciation on the equipment of $27 million. Due to adverse economic conditions, Fryer's management determined that it should assess whether an impairm..

  What is the depreciation expense in the year of purchase

What is the depreciation expense in the year of purchase under straight - line method, assuming a December 31 year - end

  Review problem on standards and flexible budgets

Review Problem on Standards and Flexible Budgets; Answers Are Provided The Des Moines Leather Company makes a variety of leather goods.

  Contribution margin ratio-gross profit ratio

What are E's contribution margin ratio, gross profit ratio and operating (net) income ratios?

  Zach company owns 40 of the voting stock of the

zach company owns 40 of the voting stock of the thomascorporation and uses the equity method in recording this

  Make realistic assumptions about any missing data

Clair received rent income of $6,000 on a beach house she inherited three years ago from her uncle Charles

  Compare the code of professional conduct for accountants

Compare the code of professional conduct for accountants who are non-CPAs. Determine the major ethical issues created by managers of public accounting firms

  What would be Bob basis in the warehouse

What would be Bob's basis in the warehouse and in the land if the appraised value of the warehouse was $92,000, and the appraised value of the land was $218,000

  What is the amount of allowable depreciation

The truck has a five-year recovery period, and he claimed depreciation deductions of $840 in 2013, What is the amount of allowable depreciation in 2015

  Prepare the adjusting entries for the ledger of wildhorse co

Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly the ledger of Wildhorse Co. on March 31 of the current year

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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