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Direct cost vs indirect cost?
Direct cost is that cost which is directly attributable to units of product like raw material and labor while indirect cost is not directly attributable like factory maintenance cost.
What is direct cost?
Direct cost is that cost which is directly attributable to products like material and labor.
How is the direct cost principles applicable to labor?
all those costs which are directly attributable to products is direct cost so all labor directly involve in production is direct cost.
Is fixed cost the same as indirect cost?
NO both are not same as fixed cost is cost which remains fixed with change in production level while indirect cost is that cost which is not directly related for the production of units.
What are directly attributable costs?
Cost that is directly associated with the product. eg: if you buy any product on line then you have to pay extra price for its transportation cost or sometimes it is already included in the price of the product.
Direct cost vs indirect cost?
Direct cost is that cost which is directly attributable to units of product like raw material and labor while indirect cost is not directly attributable like factory maintenance cost.
What is direct cost?
Direct cost is that cost which is directly attributable to products like material and labor.
How is the direct cost principles applicable to labor?
all those costs which are directly attributable to products is direct cost so all labor directly involve in production is direct cost.
Is fixed cost the same as indirect cost?
NO both are not same as fixed cost is cost which remains fixed with change in production level while indirect cost is that cost which is not directly related for the production of units.
What are directly attributable costs?
Cost that is directly associated with the product. eg: if you buy any product on line then you have to pay extra price for its transportation cost or sometimes it is already included in the price of the product.
Is royalty expense an operating expense?
Yes. This will form part of operating expense classified under non manufacturing cost since this is not directly attributable to the product.
The climate of a team is directly attributable to the team leaders?
values, skills, and actions
What type of cost is direct labor?
direct labor is direct cost attributable to production of goods.
What is an example of engineering expenses attributable solely to a contract?
indirect cost
When fixed cost treated as relevant cost?
Fixed cost become relevent cost when a particular decision affects the fixed cost of production. For Example: Before Decision fixed cost $100 After Decision Fixed Cost $120 so in this case fixed cost also becomes relevent for decision making.
Are all costs variable?
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.
Is it true that all direct costs are variable costs?
All variable costs are those costs which vary with the variation in the volume of production as well as direct costs are those costs which are directly attributable to any specific unit of product so it may be accepted that all direct costs are variable costs but fixed costs may also be direct cost.
