Indirect production is satisfying the needs in co-operation with other person
high cost.....
leads to avariety of good
[object Object]
All of the following are aspects of mass production except who? organized labor. What is the difference between production direct production and indirect ...
this is the comparison of what they need or want by exchanging or traing
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.
It is not matter of decision by management, direct cost is that cost which is directly related with the production and separately identifiable with production volume while indirect cost is that cost which is not directly related with production volume and not separately identifiable.
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Research and development cost is indirect cost as this cost is not directly required to manufacturing the production units and that’s why always an indirect cost.
indirect product cost
overheads are three indirect elements of cost. The three elements being-i ndirect material, indirect labour and indirect expenses. these indirect elements of cost have no bearing whatsoev er with the level of activity or volume of production. Examples of these indirect elements are- in making shirts. buttons and thread will be indirect material, rent of the factory will be indirect expenses and salary of the storekeeper will be indirect labour these three would be collectively called overheads.
Direct material is that material which directly involve in production of units like "wood" for furniture. Indirect material is that material which is not directly identifiable or allocatabl to product like "kneedles" in production of furniture