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Is rent a direct expense or an indirect expense?
Rent is typically considered an indirect expense. It does not directly contribute to the production of goods or services but rather supports the overall operations of a business. Indirect expenses, including rent, are usually allocated across various departments or products rather than tied to a specific cost center.
Difference between direct cost and indirect cost?
direct cost has direct relation with product manufacturing while indirect cost not and not identifiable with cost as well.
Can direct cost be indirect cost?
The Answer is NO. Direct costs are direct cost which can be clearly/economicaly identified with the cost object, indirect costs cannot be traced to a specific cost object, based on the definition direct cos cant be an indirect cost (Misdhaaque Ahmed)
What are the differences between direct cost and indirect cost in management accounting.?
what are the differences between direct cost and indirect cost in financial accounting
Is selling expense a direct cost?
Selling expenses are generally considered indirect costs rather than direct costs. Direct costs are those that can be directly attributed to the production of goods or services, such as raw materials and labor. In contrast, selling expenses, which include costs like advertising, sales commissions, and distribution, are associated with selling the product rather than its production. Thus, they are classified as indirect costs in financial accounting.
What are the direct and indirect costs of a work comp claim?
A direct cost example is the medical expense claim, and an example of an indirect cost is the lost productivity of the injured employee AND the staff who has to process the claim.
Is salary an administrative expense?
"If selling personnals have received the salary then it is selling expense but generally it is considered as administration expense." Nonprofits are often concerned with distinguishing between program (direct) and administrative (indirect) expense. In general, salaries of program staff are considered a direct expense of that program. Salaries for administrative staff who don't have direct service functions are considered indirect. Some administrative staff may also do direct service and in that case, their salaries may be divided based on the proportion of direct and indirect work they complete.
Is rent a direct expense or an indirect expense?
Rent is typically considered an indirect expense. It does not directly contribute to the production of goods or services but rather supports the overall operations of a business. Indirect expenses, including rent, are usually allocated across various departments or products rather than tied to a specific cost center.
Difference between direct cost and indirect cost?
direct cost has direct relation with product manufacturing while indirect cost not and not identifiable with cost as well.
Can direct cost be indirect cost?
The Answer is NO. Direct costs are direct cost which can be clearly/economicaly identified with the cost object, indirect costs cannot be traced to a specific cost object, based on the definition direct cos cant be an indirect cost (Misdhaaque Ahmed)
Prime cost and conversion cost?
Prime cost = direct materials + direct laborwhile conversion cost = direct labor + factory overhead( which includes indirect materials, indirect labor and other indirect costs
What are the differences between direct cost and indirect cost in management accounting.?
what are the differences between direct cost and indirect cost in financial accounting
Can cost function measure direct cost as well as indirect cost?
yes cost function measures the direct costs along with indirect cost.
Is selling expense a direct cost?
Selling expenses are generally considered indirect costs rather than direct costs. Direct costs are those that can be directly attributed to the production of goods or services, such as raw materials and labor. In contrast, selling expenses, which include costs like advertising, sales commissions, and distribution, are associated with selling the product rather than its production. Thus, they are classified as indirect costs in financial accounting.
Is direct cost same to indirect cost?
No direct costs and indirect costs are not same and opposite of each other.
Define direct and indirect labor cost in garment industry?
Define direct and indirect labour?"
What are direct and indirect expenses?
Indirect costs are costs that are not directly accountable to a cost object (such as a particular function or product). Indirect costs may be either fixed or variable. Indirect costs include taxes. 1. Salary & Bonus 2. Rent Paid 3. Advertisement & Publicity 4. Electricity Charges 5. Traveling Expenses 6. Telephone Bill 7. Printing & Stationary 8. Postage & Telegram 9. Computer.
