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One common cost that can be categorized as both a direct and indirect cost is labor. Direct labor costs include wages paid to employees who are directly involved in the production of goods or services, while indirect labor costs refer to wages of employees who support production, such as supervisors or maintenance staff. This dual classification often depends on the context of cost allocation and the specific accounting practices of a business.
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What are Both traced direct costs and allocated indirect costs?
cost assignments
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 advertising expense direct or indirect cost?
indirect
What are Both traced direct costs and allocated indirect costs?
cost assignments
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 advertising expense direct or indirect cost?
indirect
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?"
Is direct material a selling cost?
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,
Variable cost can always be traced directly to the cost object?
No, because varible cost can be direct or indirect cost. Direct cost can always be traced directly to a cost object, but not indirect cost. For example, sales commission.
Flour for baking bread are direct or indirect cost?
They are direct costs.
