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Is the production of products for personal use or own use No surpluses are produced For example subsistence farming
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What are the advantages of direct production?
i dont known
Difference between direct cost and direct costing?
Direct cost is that cost which is directly identifiable with production volume while direct costing is the method or process through which direct cost is allocated to production.
What is the differences between Fixed Direct labor with variable direct labor?
Direct labor which do not vary with level of production is fixed direct labor while labor vary with change in production is variable direct labor.
What type of cost is direct labor?
direct labor is direct cost attributable to production of goods.
What budgets are included in a production budget?
The production budget needs to be exploded into budgets for direct material, direct labor, and manufacturing overhead.
What two major functional categories are costs subdivided into?
production and non-production. non-production is classified under selling and administrative expenses production is classified as direct material, direct labor and manufacturing overhead
Total costs less conversion costs equal to material costs?
Conversion cost is total of: Options Direct material and direct wages Direct material, direct wages, and production overheads Direct wages and production overheads. None of the above
What is 'direct production'?
Direct production means that human beings provide what they need for themselves and for their families , on their own .
What is other direct cost?
Other direct cost is direct cost other than direct material and direct labor which is prime cost of production.
What are production aspect?
All of the following are aspects of mass production except who? organized labor. What is the difference between production direct production and indirect ...
Why does direct production limits the quality of life?
Direct Production relates to a concept of people producing goods for their own consumption. This theory is one that is fundamentally Marxist in origin and promotes self-sufficiency. An excellent example of Direct Production occurs in the Cuban society.With Direct Proction at play, producers are responsible for a product from raw material to end product.In a nut shell, this will affect the quality of life in the following ways:Direct Production does not afford the consumption of goods not produced by the consumers therefore importation is limited. This reduces the consumption of luxury goods in the case of 3rd world countries with donnot normally produce these goods (typical of Jamaica '70s)Direct Production means that goods must be produced to the consumption stage, therefore items such rice etc have to be eliminated in the purest form of direct production as they are not produced in the country of consumptionDirect Production does not promote specialisationWith Direct Production, factories are keep for the purpose of completing the production cycle and this results in the production of inferior goods with high production costs as the technology is usually behind
What is a direct labor budget?
Direct labor budget tells the management that how much direct labor is required to finish the production of units.
