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What are the components of prime cost?
Direct labor and direct materials are the two main components of prime cost. Another component of prime cost is direct expense.
How do you compute supporting direct labor?
To compute supporting direct labor, first identify the total hours worked by employees directly involved in production. Multiply these hours by the applicable wage rates for each employee. Additionally, factor in any overtime rates if applicable. Finally, sum the costs to arrive at the total supporting direct labor expense.
Is insurance a direct or indirect expense?
indirect-expense
Is Direct Cost an Expense?
Yes direct costs are expense when they are occurred and benefit of which are taken by company.
What is the Direct cost in shoe manufacturing business?
Following are direct costs of shoe manufacturing business:1 – Leather (Direct material)2 – Workers salary on machine (direct labor)3 – Electricity expense etc
What is the direct cost in shoe manufacturing firm?
Following are direct costs of shoe manufacturing business:1 – Leather (Direct material)2 – Workers salary on machine (direct labor)3 – Electricity expense etc
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.
How is fuel capture in accounting books?
fuel is a direct expense.direct expense is an expense which can be directly related with production.hence it is recorded as an direct expense in trading account.
Is insurance on inventory a direct expense?
insurance is an indirect expense.............
An expense that does not require allocation between departments is a?
direct expense
What is the average direct labor cost in manufacturing?
Average direct labor cost is the opening direct labor cost + closing direct labor cost / 2
What is direct labor in service industry?
Direct labor is labor that directly interacts with customers in the service industry. For instance, waitresses are considered direct labor.
