What is a direct cost and an indirect cost

Assignment Help Cost Accounting
Reference no: EM13901090

1. What is an activity? Give some examples of activities within a manufacturing firm.

2. What is a direct cost? An indirect cost?

3. What does traceability mean?

4. What is allocation?

5. Explain how driver tracing works.

Reference no: EM13901090

Questions Cloud

Sample run of the program to illustrates the expected outpu : Write a program WordCount.java that takes contents of a file and list the five most frequently used words in it.Your program should prompt user for a filename and - assuming that afile with specified filename exists - attempt to read the file and pro..
Calculate the conversion cost per unit : Calculate the prime cost per unit. Calculate the conversion cost per unit. Calculate the total variable cost per unit. Calculate the total product (manufacturing) cost per unit.
Dependency diagram to show the functional dependencies : Draw a dependency diagram to show the functional dependencies in the relation and Decompose GRADE REPORT into a set of 3NF relations
Explain how services differ from tangible products : What is a service? Explain how services differ from tangible products.3. Identify the three cost elements that determine the cost of making a product (forexternal reporting).
What is a direct cost and an indirect cost : What is a direct cost? An indirect cost? What does traceability mean? What is allocation? Explain how driver tracing works. What is an activity? Give some examples of activities within a manufacturing firm.
Can something be lawful but at the same time unethical? : Can something be lawful but at the same time unethical?
What is charge density on inner surface of outer conductor : What is the charge density on the inner surface of the outer conductor? What is the charge density on the outer surface of the outer conductor? What happens to the charge and the fields when the outer surface of the outer conductor is grounded?
Montclair company is considering a project : Montclair Company is considering a project that will require a $500,000 loan. It presently has total liabilities of $220,000, and total assets of $610,000.
What are objectives of a cost management information system : What is the difference between a financial accounting information systemand a costmanagement information system? What are the objectives of a cost management information system?

Reviews

Write a Review

Cost Accounting Questions & Answers

  Overapplied or underapplied overhead

Find some possible reasons that company had a debit balance in overhead account at year-end

  Questionwinner corporation acquired 80 of the common

questionwinner corporation acquired 80 of the common shares and 70 of the preferred shares of first corporation at

  Recast the income statement in contribution format

For the month of August 19A, Updike Co. presented the following income statement.

  Evaluate valdezs inventory turnover trend

Compute the inventory turnover and the number of days' sales in inventory for the years 2006-2008. Use average inventory in your calculations.

  Evaluate peters 2012 diluted earnings per share

Evaluate Peter's 2012 diluted earnings per share. Evaluate the amount of retained earnings available for dividends at the end of 2013?

  How would international structure the hedge

How would International structure the hedge? What would it do to hedge the Japanese yen it must pay in six months? The annual yen interest rate is 4%.

  Evaluate market value of shares

market value of shares as on 31st December 1993 Rs. 16,000 - depreciation to be provided on furniture at 10% motor car at 0%. Premises at 2.5%

  Partnership income and basis adjustments mark and pamela

partnership income and basis adjustments. mark and pamela are equal partners in mp partnership. the partnership mark

  Explain how organizations in the not-for-profit sector

Explain how organizations in the not-for-profit sector differ from organizations in the public sector or for-profit business sector. Provide an example of an entity in each sector.

  What amount must be included in taxpayers gross income

What Internal Revenue Code Sections answer these questions and would Joans filing status change if Marley attended school full-time rather than part-time? If so, how?

  Evaluate total net effect of errors on net income

There were no other errors or corrections. Ignore any tax considerations - evaluate the total net effect of errors on Mystical's 2013 net income?

  Evaluate the effect of the purchase

Evaluate the effect of the purchase of the additional 20,000 units of Halenol and the payment due Chris Padgett. Show briefly the ethical dilemma that McQueen faces in deciding whether or not to purchase the additional units.

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