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Is depreciation on a machine a period cost or product cost?
product cost
The cost of a customized machine used in the production of a single product would be classified as a direct cost?
true
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 is the predetermined cost?
Predetermined rate is overhead rate allocated to product cost to find out the full product cost and it is an estimated rate based on total expected overhead on normal capacity divided by some machine hours or direct labor hours etc.
What is the overhead component of product cost?
an estimated amount based on labor hours, machine hours, or some other activity.
Is depreciation on a machine a period cost or product cost?
product cost
Is washing machine repair worth the money, or should I just get a new one?
Depending on the cost of the repair replacing your machine with a newer more efficient one may be more cost effective.
What is setup cost?
Setup cost is the cost of setting up the machine for manufacturing of units of product.
The cost of a customized machine used in the production of a single product would be classified as a direct cost?
true
Is Amortization of patents on factory machine a prime or conversion product cost?
Conversion
How much does a yogurt machine cost?
It depends of the people who you buy it from and how good the quality of the product is.
Washing Machine repair Service?
Washing Machine Repair Technician
Where can I find good washing machine repair in boston?
Boston & Cambridge Appliance Repair has good washing machine repair.
Where can I find a London based washing machine repair company?
I need to repair my washing machine and my warranty has run out, where can I find washing machine repair company in London?
How to repair a threshing machine?
The repair of a threshing machine can be very difficult depnding on the problem. It is best for safety that you have the machine repaired by a professional.
How much would a Inspiron 5100 cost?
The cost of an Inspiron 5100 is dependent on the place of purchase. Currently eBay sells this product for about 185.00 for a working machine. This product is older and therefore can only be purchased used.
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.
