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How are manufacturing costs classified?
Manufacturing costs are typically classified into three main categories: direct materials, direct labor, and manufacturing overhead. Direct materials refer to the raw materials that are directly used in the production of goods. Direct labor includes the wages of workers who are directly involved in the manufacturing process. Manufacturing overhead encompasses all other indirect costs, such as utilities, maintenance, and depreciation related to the manufacturing facility and equipment.
What is the difference between production direct and indirect production?
Direct cost are directly linked to the product : materials (cost of raw materials + transfert+associated taxes, ingredients+transport+associated taxes, packaging+transport+associated taxes) and labour (summation of number of hours of work really needed to make a task in the process) + direct expenses (goods purchased for a particular product).Indirect cost for production are splitted into variable and fix.variable production overhead cost are a calculation of a cost per unit you need to product (energy, goods) : energy/unit in $, amortization/unit, ...fix production overhead is tax, rent of the plant, number of hour non used for production, management salaries (for the plant), ...
What should be the ratio between direct and indirect manpower in different industries and sectors?
The ideal ratio of direct to indirect manpower varies significantly across industries. In manufacturing, a common ratio might be 70:30, with more emphasis on direct labor due to production needs. Conversely, in sectors like IT or consulting, the ratio could be closer to 50:50, as indirect roles such as management and support are crucial for project success. Ultimately, the optimal balance depends on the specific operational demands and business model of each sector.
How do you differentiate direct and indirect manpower in gas plant?
Direct manpower in a gas plant refers to employees who are directly involved in the core operations, such as plant operators, technicians, and engineers responsible for production and maintenance. Indirect manpower includes support roles that facilitate operations, such as administrative staff, safety officers, and procurement personnel. The key differentiation lies in the nature of their contributions to the plant's primary functions, with direct manpower having a hands-on role in the production process, while indirect manpower provides essential support services.
How do you calculate manufacturing overhead allocated?
To calculate manufacturing overhead allocated, first determine the total manufacturing overhead costs for the period, which can include indirect materials, indirect labor, and other overhead expenses. Next, select an appropriate allocation base, such as direct labor hours, machine hours, or units produced. Then, compute the overhead rate by dividing the total manufacturing overhead by the total units of the chosen allocation base. Finally, multiply the overhead rate by the actual amount of the allocation base used to determine the allocated manufacturing overhead.
What is difference between direct purchase and indirect purchase?
The difference between direct purchase and indirect purchase is in what is purchased. Relating to raw materials, direct purchase is materials that go directly on a product and indirect is materials used to produce the product. Direct purchase can refer to purchasing products directly from manufacturers and indirect is purchasing through a middle person.
Can Raw materials be direct or indirect?
raw material are indirect material
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 is the difference between indirect and direct quote life insurance?
The difference between indirect and direct quote life insurance is that the insurance level will differ. Direct is when someone dies, indirect involves other factors.
Differentiate between direct marketing and indirect marketing?
The difference between direct marketing and indirect marketing.
Difference between direct and indirect address instruction?
the different between direct and indirect adress instruction
What are the difference between direct and indirect band gap materials?
In a direct band gap the electron only needs energy to jump to the conduction band. In an indirect band an electron needs energy and momentum to jump to the conduction band
What is the difference between direct and indirect supervisor?
The difference between direct and indirect supervisor is the presence of the supervisor. Direct supervision means a supervisor is psychically present. Indirect supervision means doing work without the physical presence of the supervisor.
What is the difference between direct tax and non-direct tax?
difference b/w direct tax and indirect tax
What is the difference between a direct and indirect hernia?
if hernia tissu pass thrw ing.ring that is indirect ing.hernia.if it is pass thrw abdominal wall that is direct ing.herniaif hernia tissu pass thrw ing.ring that is indirect ing.hernia.if it is pass thrw abdominal wall that is direct ing.herniathe difference between direct hernia and indirect hernia is the direct hernia only affected the superficial inguinal ring and the indirect is affected the deep inguinal ringthe difference between direct hernia and indirect hernia is the direct hernia only affected the superficial inguinal ring and the indirect is affected the deep inguinal ring
What is the difference between direct expense and indirect expense in financial account?
give the full chart of the direct and indirect expenses . detail about this
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.
