What is a direct cost? What is an indirect cost? List three direct costs of the IT
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 61% (13 reviews)
A direct cost can be traced to a cost object in an economic manner An indirec...View the full answer
Answered By
Mugdha Sisodiya
My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional.
Since 2012 I am providing home tutions.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Management Accounting
ISBN: 9781760421144
7th Edition
Authors: Kim Langfield Smith, Helen Thorne, David Alan Smith, Ronald W. Hilton
Question Posted:
Students also viewed these Advanced Accounting questions
-
What is a direct cost? What criteria are used to determine whether a cost is a direct cost?
-
What is a direct cost? What criteria are used to determine whether a cost is a direct cost?
-
What is a direct cost? An indirect cost? Can the same cost be direct for one purpose and indirect for another? Give an example.
-
The best measure of a firm's sustainable income is a .income before extraordinary items. b .net income. c. income before extraordinary item and change in accounting principle. d. income from...
-
Suggest a method that could be used to prepare this amine from an alkyl halide: PhCH2CH2NH2
-
Kahn applied for a home improvement loan to construct an in-ground swimming pool. Union National Bank approved the loan, and construction began on Kahn's land. State Bank held a valid mortgage on...
-
October 20X1, Little Raven plc issued 50,000 debentures, with a par value of 100 each, to investors at 80 each.The debentures are redeemable at par on 30 September 20X6 and have a coupon rate of 6%,...
-
Examine the bus matrix for a university shown in Figure 32.12. The university is organized as schools such as the School of Computing, School of Business Studies and each school has a portfolio of...
-
MSI's educational products are currently sold without any supplemental materials. The company is considering the inclusion of instructional materials such as an overhead slide presentation, potential...
-
Consider an average control chart for a known quality feature. Suppose this normally distributed feature has a sample size of five with a mean and standard error values of 74 and 0.0045 respectively....
-
What are cost objects? Give four examples of cost objects from the various 'Peal life' situations described in this chapter to explain why managers might be interested in knowing their cost.
-
Speedy Copy Centre operates a chain of photocopy centres near several major universities. The firm's accountant is accumulating data to be used in preparing its annual budget for the coming year. The...
-
Find the impulse response functions of a viscously damped spring-mass system for the following cases: a. Undamped \((c=0)\) c. Critically damped \(\left(c=c_{c} ight)\) b. Underdamped \(\left(c c_{c}...
-
During 2 0 2 3 , Vasu wants to take advantage of the annual exclusion and make gifts to his 9 married children ( plus their spouses ) and his 2 2 minor grandchildren. a . How much property can Vasu...
-
Sierra Stone Ltd. received an invoice dated January 16 with terms 2/15, n/30. The amount stated on the invoice was $2702.00. (a) What is the last day for taking the cash discount? (b) What is the...
-
How does the SWIFT network ensure the secure and efficient transmission of financial messages across global financial institutions, and what encryption and authentication protocols does it employ to...
-
Many of your readings for this module discuss the concept of "public health" and "public health emergencies," including the role of the state in public health. Using Jacobson and including at least...
-
Presented below is information for Blue Spruce Corp. for the month of January 2 0 2 2 . Cost of goods sold $ 2 3 1 , 0 4 4 Rent expense $ 3 0 , 0 0 0 Freight - out 7 . 0 0 0 Sales discounts 8 . 0 0 0...
-
In the type of generator found in a power station (Figure 26.15), a large electromagnet is made to rotate inside a fixed coil. An e.m.f. of 25 kV is induced; this is an alternating voltage of...
-
Explain the regulation of the secretions of the small intestine.
-
Windhoek Mines, Ltd., of Namibia, is contemplating the purchase of equipment to exploit a mineral deposit on land to which the company has mineral rights. An engineering and cost analysis has been...
-
The Sweetwater Candy Company would like to buy a new machine that would automatically dip chocolates. The dipping operation is currently done largely by hand. The machine the company is considering...
-
Paul Swanson has an opportunity to acquire a franchise from The Yogurt Place, Inc., to dispense frozen yogurt products under The Yogurt Place name. Mr. Swanson has assembled the following information...
-
_______________: The seller agrees to accept a percentage of the sales price and stays on to manage the business for a few more years under the new owner; the remaining portion of the price is...
-
Private, not-for-profit colleges and universities must have a Statement of Financial Position, Statement of Activities, Statement of Cash Flows, and Notes to the Financial Statements included in...
-
You have just been hired into a management position which requires the application of your budgeting skills. You find out that budgeting has not been a priority of the company. You have contacted...
Study smarter with the SolutionInn App