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Direct cost vs indirect cost?
Direct cost is that cost which is directly attributable to units of product like raw material and labor while indirect cost is not directly attributable like factory maintenance cost.
Does prime cost plus conversion cost equal the cost of manufacturing?
Total Manufacturing Cost = Direct Material + Direct Labor + Factory Overheads Prime Cost = Direct material + Direct Labor Conversion Cost = Direct Labor + Factory Overhead So yes prime cost and conversion cost is equal to total manufacturing cost
What are the objective of operating cost?
To seperate the cost of production from profit to allow analysis like ROI (Return on Investment), cost vs benefit, and cost reducing production improvements.
Financial accounting vs cost accounting?
Cost accounting is usually involved with management accounting. Financial accounting tends to deal with the past and presents information like statements for public and private use. Management... accounting methods and techniques used by managers to operate their firms. Examples include raw materials, labor and manufacturing overhead management. On the other hand.
Manual accounting system vs computerized accounting system?
manual system is labor-intensive while computer-based system is easy and fast.....
Direct cost vs indirect cost?
Direct cost is that cost which is directly attributable to units of product like raw material and labor while indirect cost is not directly attributable like factory maintenance cost.
What is Production Variance?
In most production management systems, a "Planned" quantity and material cost is calculated based on the associated Bill of Materials (BOM) and Operatons being performed (Route) creating labor and overhead related costs. The "Actual" quantities, material costs, and labor/overhead costs are issued to a Work in Process (WIP) account and the quantities/values of the produced items are recieved from the WIP account. A variance usually occurs when there is a difference between the issued material cost plus labor and overhead and the recieved material cost of the produced item. The reasons for these variances can be differences in planned vs actual quantities, differences in system or planned cost of materials, labor, or overhead vs actual cost, or any other potential reason for an unplanned difference.
Does prime cost plus conversion cost equal the cost of manufacturing?
Total Manufacturing Cost = Direct Material + Direct Labor + Factory Overheads Prime Cost = Direct material + Direct Labor Conversion Cost = Direct Labor + Factory Overhead So yes prime cost and conversion cost is equal to total manufacturing cost
What is a labor ratio and what line items belong in it?
A labor ratio is the percentage of labor spent vs the amount of revenue earned. A labor ratio is the percentage of labor spent vs the amount of revenue earned.
What is cost to install escalator step chain?
Very difficult to answer because you need to qualify the question: 1. Type of escalator 2. Width of escalator steps 3. Number of escalator steps 4. Material cost for step chain 5. Labor rate for a team 6. Normal hours vs. Overtime
Information of free labor vs slave labor?
what is the difference between slave labor and free labor
What are the release dates for Capital vs- Labor - 1910?
Capital vs- Labor - 1910 was released on: USA: 22 March 1910
How much should a new fuel pump for a VS commodore cost including labor?
$77 from Scotts auto-one and $150 to fit -----Auto Electrician
What actors and actresses appeared in Capital vs. Labor - 1910?
The cast of Capital vs. Labor - 1910 includes: Maurice Costello Earle Williams
What is variance?
In most production management systems, a "Planned" quantity and material cost is calculated based on the associated Bill of Materials (BOM) and Operatons being performed (Route) creating labor and overhead related costs. The "Actual" quantities, material costs, and labor/overhead costs are issued to a Work in Process (WIP) account and the quantities/values of the produced items are recieved from the WIP account. A variance usually occurs when there is a difference between the issued material cost plus labor and overhead and the recieved material cost of the produced item. The reasons for these variances can be differences in planned vs actual quantities, differences in system or planned cost of materials, labor, or overhead vs actual cost, or any other potential reason for an unplanned difference.
How do you charge for masonry work?
Mostly by Estimates, U have to factor in Price of Materials, Hours of Labor, sometimes insurance cost, and the legnth and width of wall or building vs. Base and Height.
What does the resistance vs temperature graph show for the given material?
The resistance vs temperature graph shows how the resistance of the material changes as the temperature increases. It helps to understand the material's behavior in response to temperature changes.
