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management cost that involved budgeting and planning

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Some examples of direct material cost and direct labor cost?

examples of dierect material,indirect,labour,and expenses cost


What are examples of direct labor?

Following are examples:1 - Factory workers2 - cobbler making shoes3 - software engineer making software etc.


What is the differences between Fixed Direct labor with variable direct labor?

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.


What is the average direct labor cost in manufacturing?

Average direct labor cost is the opening direct labor cost + closing direct labor cost / 2


What is direct labor in service industry?

Direct labor is labor that directly interacts with customers in the service industry. For instance, waitresses are considered direct labor.


What is direct material and direct labor?

Direct material is material that is contained in the final product. Direct labor is labor that ultimately forms the final product.


What is a direct labor budget?

Direct labor budget tells the management that how much direct labor is required to finish the production of units.


What type of cost is direct labor?

direct labor is direct cost attributable to production of goods.


How do you compute predetermined overhead rate as a percentage of direct labor costs and direct labor hours?

Predetermined overhead rate based on direct labor cost = Budgeted overhead cost / direct labor cost / 100 Predetermined overhead rate based on direct labor cost = budgeted overhead cost / direct labor hours.


What is direct labor and direct materials?

Direct Material: Basic material ingredient to manufacture unit of product is called direct material Direct Labor: The basic labor force which is required to make any unit of product and without which it is not possible to make unit of product is called direct labor


What is direct labor budget used for?

Direct labor budget is used for controlling purpose as it tells that how much direct labor is required for specific job to be complete.


Are sales commissions a direct labor cost?

is salesmen commission apart of direct labor

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