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How do you calculate direct labour cost as a percentage of cost of good sold?
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How do you calculate Direct Margin as a percentage?
(selling price - direct cost)/selling price = direct margin
What is the sum of direct labor and direct materials called?
prime cost = direct labour cost + direct material cost + direct expenses
Is direct labor cost part of a conversion or prime cost?
Both are correct. Coversion cost = Direct Labour + Manufacturing Overhead Prime cost = Direct Labour + Direct Material SOURCE: http://highered.mcgraw-hill.com/sites/0070980829/student_view0/glossary.html
Some examples of direct material cost and direct labor cost?
examples of dierect material,indirect,labour,and expenses cost
The three costs in every product are what?
Three Costs included in every product is:1 - Direct Material Cost2 - Direct Labour Cost3 - Factory OverheadsAlso Can be categorized as follows:Prime Cost = Direct material + Direct LabourConversion Cost = Direct Labour + Factory overheads
How do you calculate Direct Margin as a percentage?
(selling price - direct cost)/selling price = direct margin
What is the sum of direct labor and direct materials called?
prime cost = direct labour cost + direct material cost + direct expenses
What is direct labor variance?
It means the difference between the budgeted or estimated direct labour cost at the start of work activity with the actual direct labour cost at the end of activity or fiscal year. If budgeted cost is more then the actuall then it is favourable variance otherwise it is unfavourable direct labour cost variance
How direct cost principle applicable to labor?
How can the direct and indirect cost principles applicable to labour?
Is direct labor cost part of a conversion or prime cost?
Both are correct. Coversion cost = Direct Labour + Manufacturing Overhead Prime cost = Direct Labour + Direct Material SOURCE: http://highered.mcgraw-hill.com/sites/0070980829/student_view0/glossary.html
Some examples of direct material cost and direct labor cost?
examples of dierect material,indirect,labour,and expenses cost
How do you describe conversion cost?
Direct Labour + Overhead Costs
The three costs in every product are what?
Three Costs included in every product is:1 - Direct Material Cost2 - Direct Labour Cost3 - Factory OverheadsAlso Can be categorized as follows:Prime Cost = Direct material + Direct LabourConversion Cost = Direct Labour + Factory overheads
Define direct and indirect labor cost in garment industry?
Define direct and indirect labour?"
Differntiate between prime cost and factory cost?
Prime cost is a subset of Factory cost. Prime cost consist of Direct material, Direct labour and Direct expenses. Factory cost = Prime cost + Production OH
What is the formula to calculate direct costs?
there is no specific formula to calculate direct cost but direct cost are all those costs which are directly related to production of goods and separately identifiable.
Where can you find the cost sheet format of a company and how it finalizes the product cost?
it contain direct material, direct labour, factory over head etc
