Royalties are usage-based payments made by one party (the "licensee") to another (the "licensor") for the right to ongoing use of an asset or intellectual property.
Royalties are direct expenses because costs incurred for royalty payments can be allocated directly to the production of the particular good/service, and royalty costs vary in direct proportion to changes in production.
indirect-expense
Are you trying to decide if you should sell your royalties? There are a number of things to consider when you decide to sell your royalties. Our "Should you sell royalties" article covers this topic in depth. In short, it's best to hold onto your royalties when possible but sometimes there is a need for immediate cash.
how are burger kings periodic royalties calculated and when are they paid.
Yes. Any venue that plays music is probably playing copyrighted music and has to pay royalties to ASCAP/BMI. http://www.knowthemusicbiz.com/index.php/BIZ-WIKI/Licensing-&-Royalties/Public-Performance-Royalties-and-Licenses.html
quarterly, biyearly, or yearly.
Royalties are usage-based payments made by one party (the "licensee") to another (the "licensor") for the right to ongoing use of an asset or intellectual property.Royalties are direct expenses because costs incurred for royalty payments can be allocated directly to the production of the particular good/service, and royalty costs vary in direct proportion to changes in production.
indirect-expense
Yes direct costs are expense when they are occurred and benefit of which are taken by company.
insurance is an indirect expense.............
direct expense
fuel is a direct expense.direct expense is an expense which can be directly related with production.hence it is recorded as an direct expense in trading account.
yes
give the full chart of the direct and indirect expenses . detail about this
Interest expense is not a direct cost because it is not used to manufacture the products rather it is paid to acquire the capital.
Direct labor expense is that amount which is paid to workers who are involved in production of goods in factory and their salary or wages are part of it.
what is direct and indirect expense
Operating expense is the cost of running your day-to-day business. Operating expenses include rent, utilities, supplies, and insurance. Direct expense is an expense that varies with changes in the cost object. Direct expenses include materials needed to manufacture a product, freight charges to transport product, and taxes related to the sale of goods.