moved factories to other countries
=)
Charging the cost of using fully depreciated machinery to the cost unit
If a company's pollution creates economic costs (for example, the medical bill of a patient who gets sick from pollution), then the government will force the company to pay that cost.
After the fall of the confederacy the south tried to improve economic conditions in the south. People of all colors worked together to get the farms back up and running. The government lowered cottons cost, started building railroads, and redistributing land.
They really didn’t have problems. The British passed trade laws but the colonies went around those and smuggled in things. One of the problems was when the British lowered the tea tax that made the smuggled Dutch tea higher in cost. The Boston Tea Party was the final result.
it helped people to spin several threads at a time. and it even lowered the cost of fabric
For example, the degree of specialization and division of labor can be related to the size of the organization; typically, small and mid-sized employers are not able to cost justify specialized division of labor.
false
If direct labor cost creates impact or influences the decision then it is relevant cost but if direct labor is not creating influence or changing in decision then it is irrelevant cost for example direct labor cost remain same irrespective of whatever the decision then direct labor cost is also irrelevant.
Labor cost is variable cost because labor is paid for every single unit of product is made. For example if labor cost for making 1 unit is 10 then making 10 units will be 100 so as much as production level changing labor cost changing that;s why it is variable cost.
Labor Cost is the direct labor utilized to manufacture the product. For Example: 10 labor hours required to manufacture 1 unit of product and labor cost per hour is 10 so total labor cost to manufacture 1 unit is 100 (10 * 10).
multiply the cost of labor by the cost of materials. add the cost of labor and materials. subtract the cost of labor from materials. divide the cost of labor by the cost of materials. which one is correct
B) Cost of wages of assembly worker is a direct labor cost.
Unfavorrable direct labor price variance indicates that business has incurred more direct labor cost for production of units of product then standard labor cost. For example if standard cost of direct labor for producing 1 unit is 10 and company incurred 105 for making 10 units then extra 5 is unfavorable direct labor cost variance.
Labor cost variance means the difference between standard labor cost and actual labor cost.
Average direct labor cost is the opening direct labor cost + closing direct labor cost / 2
Direct labor and direct material is example of variable cost which increase with each increase of unit. Factory rent is example of fixed cost which remains fixed even in change in number of units produced.
In labor intensive industry direct labor cost is used as cost driver.