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What are Both traced direct costs and allocated indirect costs?
cost assignments
What is an absorption costing?
An absorption costing is an accounting method used to calculate the total cost of a product by factoring in both direct and indirect costs.
Costs can either be prime costs or conversion costs but not both?
direct labor
Is direct cost and controlled cost the same?
No direct cost and controlled costs are both separate costs.
Is depreciation a direct or indirect cost?
Depreciation can be either a direct cost or an indirect cost, or it can be both direct and indirect.Let's illustrate this with the depreciation of a machine used in Department 23 of a manufacturer. The depreciation on that machine is a direct cost for Department 23. It is direct because it is traceable to Department 23 without any allocation.The depreciation of this same machine will be an indirect cost of the products manufactured with that machine. It is indirect because the depreciation is allocated to the products. Perhaps the machine in Department 23 has depreciation of $50,000 per year (cost of machine of $500,000 divided by 10 years of useful life). The $50,000 of annual depreciation is then assigned or allocated to products based on the number of hours that products use the machine. For example, if the manufacture expects 20,000 machine hours of use in the current year, then it assigns or allocates $2.50 ($50,000/20,000) per machine hour to each product using the machine. If Product #189 requires one hour of this machine's time, Product #189 will have $2.50 as part of its indirect costs. Indirect manufacturing costs are also referred to as manufacturing overhead, factory overhead, or burden.
What are Both traced direct costs and allocated indirect costs?
cost assignments
Are all direct costs variable?
Direct Cost are those costs that can be directly assigned to a production process. Indirect cost were those costs that cannot be directly assigned to production process but have to allocate to production. Variable costs are those costs that vary directly with the production level. Only Direct cost could be variable . But not all direct cost are variable. Thus direct cost contains both Variable and Fixed elements while indirect costs contains only fixed element.
Are all costs variable?
Direct Cost are those costs that can be directly assigned to a production process. Indirect cost were those costs that cannot be directly assigned to production process but have to allocate to production. Variable costs are those costs that vary directly with the production level. Only Direct cost could be variable . But not all direct cost are variable. Thus direct cost contains both Variable and Fixed elements while indirect costs contains only fixed element.
What is an absorption costing?
An absorption costing is an accounting method used to calculate the total cost of a product by factoring in both direct and indirect costs.
Does Animal Farm have direct or indirect characterization?
Both.
Should a plant be located near the market or near the source of raw materials?
Actually it would be better if it was located exactly in between the both of them to try and reduce the direct and indirect costs both.
What are the similarities between direct and indirect democracy?
they both do stuff
Are quotation marks are used for both direct and indirect quotations.?
Quotation marks are used for direct quotes only. Indirect quotes are paraphrased and do not need quotation marks.
Costs can either be prime costs or conversion costs but not both?
direct labor
What is the similarity of direct sunlight and indirect sunlight?
They both come from the sun.
What is goal of both direct and indirect lobbying?
To influence public policy.
What is the goal of both direct and indirect lobbying?
To influence public policy.
