Process of assigning costs to a specified cost object

Assignment Help Financial Accounting

Reference no: EM13753263

You are in the process of assigning costs to a specified cost object. You have determined which costs you will assign and are now in the process of deciding which costs to assign directly and which to assign indirectly.

A) Explain specifically how you would decide which costs to assign directly versus which to assign indirectly.

B) Define cost, cost object direct cost and indirect cost.

C) How would advanced information gathering technology affect your classification?

Reference no: EM13753263

Questions Cloud

Advantages of private and public ip addresses : What are packets and routers? What is an IP address? Describe the advantages of private and public IP addresses

Conversion of bonds : (Conversion of Bonds) Telta Inc. issued $15,000,000 of 12%, 40-year convertible bonds on November 1, 2014, at 97 plus accrued interest. The bonds were dated July 1, 2014, with interest payable January 1 and July 1. Bond discount (premium) is amortize..

Description of the governments accounting policies : State in which part of an entity’s CAFR (MD&A, fund financial statements, notes to the financial statements, required supplementary information, and so forth) you are most likely to find the following information: Description of the government’s acco..

Tool that organizations use to communicate or collaborate : Research tools organizations use to communicate and collaborate and A product review of the communications tool you selected

Process of assigning costs to a specified cost object : You are in the process of assigning costs to a specified cost object. You have determined which costs you will assign and are now in the process of deciding which costs to assign directly and which to assign indirectly.

Find net cash provided by or used in investing activities : Find the net cash provided by or used in investing activities,(Input the amount as a positive value) Net cash is provided by or used in investing activities?

Sap community network portal : Identify any manufacturing company that belongs to the list of industries on SAP community network portal; who implement SAP system and enjoying its benefits.

Sales revenue-sales returns and allowances : Assume Kader Company has the following reported amounts: Sales revenue $510,000, Sales returns and allowances $15,000,Cost of goods sold $330,000, and Operating Expense: $110,000.

Determine the book value of the divisions assets : On September 17, 2013, Ziltech, Inc. entered into an agreement to sell one of its divisions that qualifies as a component of the entity according to generally accepted accounting principles. By December 31, 2013, the company’s fiscal year-end, the di..

User Account

All Pages