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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Indirect Cost Rate Questions and Answers What is an indirect cost? Indirect costs represent the expenses of doing business that are not readily identified with a particular grant‚ contract‚ project function‚ or activity‚ but are necessary for the general operation of the organization and the conduct of activities it performs. In theory‚ costs like heat‚ light‚ accounting‚ and personnel might be charged directly if little meters could record minutes in a cross-cutting manner. However‚ this is
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HBR.ORG Do You Know Your Cost of Capital? Probably not‚ if your company is like most by Michael T. Jacobs and Anil Shivdasani July–AuGust 2012 reprinT r1207L For arTicLe reprinTs caLL 800-988-0886 or 617-783-7500‚ or visiT hbr.org Do You Know Your Cost Of Capital? probably not‚ if your company is like most by Michael T. Jacobs and Anil Shivdasani W With trillions of dollars in cash sitting on their balance sheets‚ corporations have never had so much money. How executives
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ACT 510 November 19‚ 2013 Do You Know Your Cost of Capital? Investing capital dollars drives the corporate strategy to newer heights in this age‚ where the business is dependent upon making sound decisions that financially intertwine for further growth and development. Within any financial team‚ analyses should be conducted uniformly across the board‚ arriving at a conducive return on investments to solidify the reasoning behind completing the future project. As Jacobs & Shivdasani point
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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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(UKM-GSB-LHDN) Cost Classification: Government Agency PROBLEM 2-56 The Department of Natural Resources is responsible for maintaining the state’s parks and forest lands‚ stocking the lakes and rivers with fish‚ and generally overseeing the protection of the environment. Several cost incurred by the agency are listed below. For each cost‚ indicate which of the following classifications best describe the cost. More than one classification may apply to the same cost item. The Answers : 1
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is also inspired by the sea – featuring a twin‐tailed siren from Greek mythology. Starbuck’s organizational structure is deeply concerned on being social responsibility. Their strategy includes good sourcing‚ high level environmental performance in the development and make new stores‚ working together and to be a respected partner in their communities. Organizational structure is composed of all the departments that an organization requires to produce its goods and services. * STARBUCKS
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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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Management Theory You And Your Career Question 1: Motivation: Chapter 17‚ page Is Maslow’s hierarchy of needs useful to managers? Why? Response: Maslow’s Hierarchy of needs describes the building blocks where an individual can reach their highest and full potential to have an impact on themselves and the world around them. There are 4 key stages to achieve self-actualization that are incumbent upon one another. To answer the question‚ first we have to understand what are those 4 key stages
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Midterm Exam from Doc Sharing to access questions and topics for review. For multiple-choice questions‚ please explain why the answer chosen is correct‚ and why the other choices would not be correct. Please support your response. Let’s begin with the questions on Page 1. Page 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
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