1) Direct and indirect cost Direct cost- We can easy compare direct to fixed cost. They are very similar. Direct cost we can name this cost which are directly attributable to the sale of a product. Direct costs can be identified specifically with a particular sponsored project‚ or that can be directly assigned to such activity relatively easily with a high degree of accuracy.It is necessarily to good understand that cost shared expenditures are considered to be direct costs. We have 3 types of
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1 1. Indirect labor is a part of: B. Conversion cost. Labor that cannot be physically traced to particular product is treated as indirect labor and as manufacturing overhead. Conversion cost is the sum of direct labor and manufacturing overhead. These costs are incurred to convert materials into the finished product. Indirect labor is treated as part of manufacturing overhead. 2. Prime cost and conversion cost share what common element of total cost? B. Direct labor. Prime cost is the sum
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following data have been recorded for recently completed Job 501 on its job cost sheet. Direct materials cost was $3‚067. A total of 30 direct labor-hours and 104 machine-hours were worked on the job. The direct labor wage rate is $12 per labor-hour. The company applies manufacturing overhead on the basis of machinehours. The predetermined overhead rate is $11 per machine-hour. The total cost for the job on its job cost sheet would be: A. $4‚571 B. $3‚757 C. $3‚090 D. $3‚427 Applied manufacturing
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sophisticated services. 2. Describe the existing cost system and calculate the cost of the 5 components in the case. What is wrong with the existing cost system? The existing cost system measures direct labour and overhead. Overhead is grouped into a single cost pool that includes overhead costs associated with each of the testing rooms as well as the engineering overhead costs relating to software and tooling development and the administrative costs of the division. ETO suppliers started to do
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Direct‚ Indirect July 23‚ 2012 Direct‚ Indirect 1 A company can allocate the costs incurred in the production of products or services in either a direct or an indirect manner. The direct costs can be defined as being the amount materials actually cost plus any other directly linked costs‚ such as labor‚ materials‚ electricity‚ labor for employee and management‚ machine depreciation) Production materials‚ machine or assembly wages. Labor
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DIRECT AND INDIRECT In this section‚ We are going to see How the conversion of Direct to Indirect Speech and Indirect to Direct Speech is done? We may report the words of a speaker in two ways. 1. Direct Speech We may quote the actual words of the speaker as it is. This method is called Direct Speech. 2. Indirect Speech We may report what he said without quoting his exact words. This method is called Indirect Speech or Reported Speech. Example: • Direct: Clinton said‚ “I am very busy now
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their cash flow statement using the direct or indirect method‚ and both methods report net cash flow from operating activities. Direct/Indirect Cash Flow The main difference between the direct method and the indirect method involves the cash flows from operating activities‚ the first section of the statement of cash flows. Direct Method‚ the cash flows from operating activities will include the amounts (cash from customers‚ and cash paid to suppliers). Indirect shows net income followed by adjustment’s
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Topic: Direct and Indirect Speech We may report the words of a speaker in two ways:- (i). we may quote his actual words. This is called Direct Speech. (ii). We may report what he said without quoting his exact words. This is called Indirect Speech. For example: Direct: Ahmed said‚ “I am very busy now”. Indirect: Ahmed said that he was busy then. Direct Speech is that form of narration in which the actual words of a speaker are reported. It may
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Destructors" Indirect vs. Direct PresentationIn "The Destructors‚" by Graham Greene‚ both indirect and direct presentation is implemented to provide a multidimensional portrayal of the characters in the story. This device is effective because each type of presentation provides the reader with a different perspective into each character. The author presents the characters directly by telling the reader details about the characters and presents the characters indirectly by showing the reader. Direct presentation
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Indirect Method vs. Direct Method Hunkar Ozyasar Hunkar Ozyasar is the former high-yield bond strategist for Deutsche Bank. He has been quoted in publications including "Financial Times" and the "Wall Street Journal." His book‚ "When Time Management Fails‚" is published in 12 countries while Ozyasar’s finance articles are featured on Nikkei‚ Japan’s premier financial news service. He holds a Master of Business Administration from Kellogg Graduate School. Per: Hunkar Ozyasar‚ eHow Contributor
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