What is the definition of material cost?
material costing is defined as the cost of product which only include the cost of materials and excludes all the indirect cost such as wages, overheads etc.
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Answer . it means they do not contain any iron, ferrous is latin for iron
Answer . Materialism, as philosophy, has two major positions. The first position states that physical matter is the only reality. Materialism rejects any conclusion that relies on the existence of supernatural or non-physical reality. The second major position states that everything can be explai…ned through physical means, including such seemingly unphysical phenomena such as thought, emotions, and will.. In the common vernacular, materialism refers to a concern with physical things, whether they be possessions, people, or places.. The word has taken on a negative connotation, often being associated with greed and with elevating things to a position of greater importance than people. Materialism is when more value is placed on material goods and possessions than on other things, such as spiritualism. A materialist society is one in which the acquirement of goods surpasses all else. ( Full Answer )
INDIRECT MATERIAL . Materials, purchases and supplies used in the operation of the business, not directly associated with production and are part of OPERATING EXPENSES. As opposed to DIRECT MATERIAL. . DIRECT MATERIALS . Raw materials and other purchases that become a part of the units produced …and incur expenditures that are easily traced to the units of output and included in the COST OF GOODS SOLD. As opposed to INDIRECT MATERIALS, such as office supplies. ( Full Answer )
See Related Links . See the Related Links for "Answers.com: Raw Material" to the bottom for the answer. . Raw material is the set of items you would get together to use to assemble a finished product eg bricks cement sand stone water are classic examples of raw material to start building a h…ouse ( Full Answer )
Answer . The cost of goods manufactured is an element in preparing the income statement. It consists of the cost of producing goods: http://www.answers.com/topic/direct-material , http://www.answers.com/topic/direct-labor and http://www.answers.com/topic/factory-overhead
The cost of direct materials varies in pharmaceuticals. The rateyou pay depends on how much you purchase and from what vendor youuse when you make purchases.
A dimagnetic material produces a magnetic field that opposes an external field. A paramagnetic materia, on the other hand, produces a magnetic field that increases an external field. Dimagnetism and paramagnetism are induced when an object is placed in a magnetic field.
Material Management is concerned with control of materials in such a manner which ensures maximum return on working control material management is concerned with the location & purchase of needed their storage & movement. it also arranges to keep on account for them .it is also responsible for plan…ning their movement through manufacturing processes, store rooms and distribution channels . ( Full Answer )
a field of management that focuses on all aspects of obtaining and handling the tangible inputs and outputs of production process.materials managements includes responsibilities such as procurement,waste disposal,hazardous materials accountability,quality assurance and control,setting standards and …catloging inventory.also called material p[lanning ( Full Answer )
An anisotropic material is a material which does not behave the same way in all directions. Take wood for example. Wood is very strong along the grain. Against the grain, however, it will easily break. The opposite of an anisotropic material is an isotropic material. Most metals (steel, aluminum)… are isotropic materials. They respond the same way in all directions. ( Full Answer )
A material will be graded as brittle when it breaks with only asmall amount of strain. Its brittleness is based on the amount ofdeformation used to break the material.
Nano material is a material that has particles or constituents ofnanoscale dimensions. The average particle size are between 1 and100 nanometers.
Orthotropic materials have different mechanical properties alongeach of its axes because its axes are mutually orthogonal twofoldaxes. Therefore, they don't have one set of properties, becausetheir properties change depending on the direction of the axisused.
wages paid to workers during an accounting period on daily, weekly,monthly or job basis, plus payroll related taxes & benefits (if any).
Material used by instructors, facilitators, and students in a training environment. These materials store the information needed by the learner to perform tasks.
a natural resource that humans use to make objects or to consume as food and drink.
Cost to purchase basic raw material for the manufacturing ofproduct is called the raw material cost like in cost of wood infurniture etc.
a defect in any item, whether tangible or intangible, or in the provision of a service, that substantially prevents the item or service from operating or functioning as designed or according to its specifications.
those good which are already in finished form but alone cannotused.when it become a part of another finished good and come intouse .then this material is called fabricating material
is direct cost a? Selling cost, manufacturing costs, direct, manufacturing cost indirect, general and administrative cost, fixed cost , variable cost, is direct cost a? Selling cost, manufacturing costs, direct, manufacturing cost indirect, general and administrative cost, fixed cost , variable cost…, ( Full Answer )
Genetic material passed on from generation to generation between parents and offspring. Yurrr Welcome! (: Lol ........
It means the material is easy to be burnt and should be kept away from fire.
Instructional materials are to be defined as items that aredesigned to serve as a major tool for assisting in the instructionof a subject or course. These items may be available in bound,unbound, kit or package form and may consist of hardbacked orsoftbacked textbooks, consumables, learning laborato…ries, slides,films and filmstrips, recordings, manipulatives, electronic media(instructional computer programs, online services, laser discs,CD-ROM, etc.) and other commonly accepted instructional tools.Hardware to utilize aforementioned resources are not considered"instructional materials" by this policy's definition. ( Full Answer )
Solid state has definite shape AND volume. (Liquid only has definite volume, and gas has neither)
It is a property that Property of a compound that can change without involving a change in chemical composition; examples are the melting point and boiling point.
A material noun is a word for a material, a substance, or an ingredient that other things are made from. Some examples are: . brass . calcium . cement . cocoa . concrete . cotton . eggs . gold . iron . meat . milk . plastic . rubber . salt . sand . silver . tar . wood . wool … Material Nouns Miss kitty has a bag in her hand. The bag is made of cloth. Which material is used to make Miss Kitty's bag? The material used to make Miss Kitty's bag is cloth. So cloth is a Material noun. What material was used to make the cloth? The material used to make the cloth to make the bag is cotton. So cotton is a material noun. MATERIAL NOUNS are glass , iron , clay , frost , rain , snow , wheat , wine , tea , sugar , etc. They may be placed in groups as follows:- (1) The metals: iron , gold , platinum , etc. (2) Products spoken of in bulk: tea , sugar , rice , wheat , etc. (3) Geological bodies: mud , sand , granite , rock , stone , etc. (4) Natural phenomena: rain , dew , cloud , frost , mist , etc. (5) Various manufactures: cloth (and the different kinds of cloth), potash , soap , rubber , paint , celluloid , etc. ( Full Answer )
- is said to be a Viscous Fluid. It seems that Lava is an example.
Print materials are printed items such as newsletters, flyers,pamphlets, books, magazines, journals, and newspaper. Non-printmaterials refer to the aforementioned electronic versions.
Free issue material supplied by the Purchaser without charge tothe Contractor or Supplier, delivered to the point of use in orderthey may be incorporated into the work being carried out. Thesecould, for example, be constituent parts of a final productsupplied by another party.
The material cost variance denoting the difference between the standard cost of materials and actual cost of matrials. The material cost variance is between the standard material cost for actual production in units and actual cost. The total cost is usually determined by two differenct factors of in…fluence viz quantity of materials utilized/ required and price of the materials. The fluctuations in the material cost are only due to the fluctuations in the utility of materials due to many factors. Material cost variance can be computed into two different ways: DIRECT METHOD AND INDIRECT METHOD material cost variance= Standard cost of materials for actual output- actual cost of raw materials. MCV=(S Q AO X SP)-(AQ X AP) Indirect Method: material cost variance= Material price variance (MPV)+Material usage Variance ( Full Answer )
Minerals have a definite chemical composition, are solid, are inorganic, are naturally occurring, and have a crystalline structure.
A cost that has already been incurred and thuscannot be recovered. because it has already happened. Sunk costsare independent of any event that may occur in the future.
Skin Contact- occurs when a hazardous material touches any part of the body Absorption- occurs when material enters body through skin, eyes, body fluids, or tissues Inhalation- occurs from breathing material through nose or mouth Ingestion- occurs form eating, drinking, or smoking Injection - …occurs when the skin in broken and the hazardous material is deposited directly into the blood or into living tissue. ( Full Answer )
Yes. Direct materials is a true or proportionately variable cost because the amount used during a period will vary in direct proportion to the level of production activity. Moreover, any amounts purchased but not used can be stored and carried forward to the next period as inventory. Source: Introd…uction to Managerial Accounting, Brewer/Garrison/Noreen, 5th edition ( Full Answer )
For instance, where material costs account for 42.9 percent of residential construction, they consume only 32.6 percent of highway and street construction. Overall, 37 cents of every construction dollar is spent on materials, 40 cents on labor
the complaint material is a joint less (single-piece) material which is flexible and able to transfer mechanical forces through it's rigid-body .
Package material are indirectmaterial cost because package materials are not utilized in manufacturing ofunits of products but required to package the finished goods so it is indirectmaterial cost.
Impenetrable by light; neither transparent nor translucent. . Not reflecting light; having no luster: an opaque finish... . Impenetrable by a form of radiant energy other than visible light: a chemical solution opaque to x-rays.. . So obscure as to be unintelligible: "opaque, elusive, mi…nimal meanings" . . Obtuse of mind; dense. See synonyms at http://www.answers.com/topic/dark ... Opaque materials are materials that you cannot see things through it.. Add Me AuBrEy ZyRenE SolAs EnTrInA . ( Full Answer )
Directmaterial cost is that cost of material which is used to manufacture goods likewood for furniture etc.
Im not sure really , im not sure what your talking about give us more info on it and we might be able to thanks . Maybe somehting to do with money the best place to go is yahoo answers its the best place or on wiki page coz there they have proper answers and if they dont its because its a too hard a… question and a dawn good one . My sister gets annoyed if i ask questions lol but i do asl lots and silly ones . It means I found out , You can count your money . May sound stupid but there you have it my dad is an accountant after all though lol . ( Full Answer )
Sometimes homeschooling through K12.com is free, depending on what school district you live in. K12 is online and has more advanced lessons than public schools.
In the business world, the term costing describes the process of figuring out how much something is going to cost. Materials costing, then, is the process of figuring out how much materials are going to cost. Materials include such things as lumber, gravel, cement, fiberglass insulation, etc.
directmaterial manufacturing cost is that raw material cost which is used tomanufacture goods like wood in furniture.
A material noun is a word for a material, a substance, or an ingredient that other things are made from. Some examples are: . brass . calcium . cement . cocoa . concrete . cotton . eggs . gold . iron . meat . milk . plastic . rubber . salt . sand . silver . tar . wood . wool
Yes direct material is a product cost as without material no product can be manufactured.
The meaning of cost is the amount of money, time and resources it takes to produce an outcome; whether it be money gained, or to have a certain project done.
This is the process on web consultation. What it does is increase the probability of a website being recognized. When used a website may see increased web traffic.
The prime cost of a product is the direct cost which includes the materials and labor needed. This does not include the fixed costs attached to the material.
Direct material is variable cost because toproduce any unit of product direct material required which changeswith change in production level.
Direct material is never be aperiod cost because it is required to manufacture units of products so it isproduct cost and it can only be a period cost when there is no production ofgoods but there is a material expenses which is not possible.