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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.
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.
The nucleolus directs ribosome production.
direct labor is direct cost attributable to production of goods.
The production budget needs to be exploded into budgets for direct material, direct labor, and manufacturing overhead.
production and non-production. non-production is classified under selling and administrative expenses production is classified as direct material, direct labor and manufacturing overhead
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
Other direct cost is direct cost other than direct material and direct labor which is prime cost of production.
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
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All of the following are aspects of mass production except who? organized labor. What is the difference between production direct production and indirect ...
Direct labor budget tells the management that how much direct labor is required to finish the production of units.
Because they think they will get more money
If direct material and direct labor remains fixed irrespective of production volume then these are fixed costs otherwise these are variable costs and normally these are variable costs because it varies with the production volume.
The direct result of aerobic respiration is the production of ATP from the breakdown of glucose.
No bond cost is not a direct cost as it is not directly related with production of goods.
Direct Cost are those costs that can be directly assigned to a production process. Indirect cost were those costs that cannot be directly assigned to production process but have to allocate to production. Variable costs are those costs that vary directly with the production level. Only Direct cost could be variable . But not all direct cost are variable. Thus direct cost contains both Variable and Fixed elements while indirect costs contains only fixed element.
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Factory supplies are those items which used in production but not directly related to production of products that's why not part of direct cost rather indirect cost.
Direct labor is direct cost as it varies with variation in production level and directly related with number of units of product.
yes repair of machinery that involve in production is part of direct cost.
No license fee is not a direct cost for production of product.
An apple cost $1.00the direct cost is .875c and the indirect cost is .125c tax.direct cost = cost of the item by itself.indirect cost = cost to purchase or attain an item.If you want the apple, you have to purchase the apple with tax.Direct cost is that cost which directly related to the production of units like direct material or direct labor while indirect cost which is not directly related to the production of units like salary of factory manager etc.