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What are total costs in accounting?
Total cost/ full cost which include Prime Cost *Direct Labour cost *Direct Material Cost *Direct expenses Production Overhead *Variable Overhead *Fixed Overhead Selling and Distribution cost Administration Cost
What country had the lowest direct war cost in World War 2?
japan
What is the difference between direct unit cost and direct cost of sales?
Let's say that you are in the business of selling widgets. All the costs related to manufactureing, storing and selling one widget (referred to as a unit) would be the direct unit costs. Your direct cost of sales (also referred to as direct cost of goods or direct COGS) are all the costs related to the creation of your widgets. Your direct cost of sales may or may not be your total cost of sales. Usually this includes the cost of materials and direct labor costs, but excludes distribution and sales (the cost of getting your widgets to a retailer and get them sold).
In detail explain the cost center?
A cost center is part of an organization that does not produce direct profit and adds to the cost of running a company. It is an organizational department.
Explain the difference between direct cost and indirect costs?
Direct cost are those costs which varies directly with variation in volume of products units like direct labor or direct material while indirect cost has not direct connection with volume of units of products like depreciation building rent supervisors salary etc.
Does prime cost plus conversion cost equal the cost of manufacturing?
Total Manufacturing Cost = Direct Material + Direct Labor + Factory Overheads Prime Cost = Direct material + Direct Labor Conversion Cost = Direct Labor + Factory Overhead So yes prime cost and conversion cost is equal to total manufacturing cost
Explain market imperfections approach and transaction cost approach to Foreign Direct Investment?
market imperfections approach
what is the lowest cost for one day dentured?
“What is the lowest cost for one day dentures”
What is other direct cost?
Other direct cost is direct cost other than direct material and direct labor which is prime cost of production.
Does distribution cost part of cost of production?
No. Distribution is a separate company function.
Explain ga overhead direct labor profit wrap rate?
The "Wrap rate" should be included: a) Direct and Indirect cost / rate (overhead), b) Other procurement service cost, C) Cost of Money (CAS 414), and D) Profit / fee.
What is the sum of direct labor and direct materials called?
prime cost = direct labour cost + direct material cost + direct expenses
