Define the following: (a) Direct materials (b) Indirect materials (c) Direct labor (d) Indirect labor (e) Manufacturing
Question:
Define the following:
(a) Direct materials
(b) Indirect materials
(c) Direct labor
(d) Indirect labor
(e) Manufacturing overhead.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 77% (9 reviews)
a Direct materials are an integral part of a finished product and their costs can be convenient...View the full answer
Answered By
Tobias sifuna
I am an individual who possesses a unique set of skills and qualities that make me well-suited for content and academic writing. I have a strong writing ability, allowing me to communicate ideas and arguments in a clear, concise, and effective manner. My writing is backed by extensive research skills, enabling me to gather information from credible sources to support my arguments. I also have critical thinking skills, which allow me to analyze information, draw informed conclusions, and present my arguments in a logical and convincing manner. Additionally, I have an eye for detail and the ability to carefully proofread my work, ensuring that it is free of errors and that all sources are properly cited. Time management skills are another key strength that allow me to meet deadlines and prioritize tasks effectively. Communication skills, including the ability to collaborate with others, including editors, peer reviewers, and subject matter experts, are also important qualities that I have. I am also adaptable, capable of writing on a variety of topics and adjusting my writing style and tone to meet the needs of different audiences and projects. Lastly, I am driven by a passion for writing, which continually drives me to improve my skills and produce high-quality work.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Managerial Accounting
ISBN: 9781260247787
17th Edition
Authors: Ray Garrison, Eric Noreen, Peter Brewer
Question Posted:
Students also viewed these Business questions
-
Define the following: direct materials costs, direct manufacturing labor costs, indirect manufacturing costs, prime costs and conversion costs.
-
A manufacturing company applies factory overhead based on direct labor hours. At the beginning of the year, it estimated that factory overhead costs would be $360,000 and direct labor hours would be...
-
Define manufacturing overhead. In addition to the indirect materials and indirect labour previously described, what other manufacturing overhead costs would be incurred in this production process? Be...
-
Prove the famous (your name) uncertainty principle, relating the uncertainty in position (A = x) to the uncertainty in energy For stationary states this doesnt tell you muchwhy not? (B = p/2m + V):
-
Air enters a pipe at 65C and 200 kPa and leaves at 60C and 175 kPa. It is estimated that heat is lost from the pipe in the amount of 3.3 kJ per kg of air flowing in the pipe. The diameter ratio for...
-
Boise Beverages, Inc., uses the FIFO cost method and adds all materials, labor, and factory overhead evenly to production. A record of the factory operations for the month of October follows:...
-
Consider the set of vectors \((-1,1,1),(1,-1,1),(1,1,-1)\). a. Use the Gram-Schmidt process to find an orthonormal basis for \(R^{3}\) using this set in the given order. b. What do you get if you do...
-
Multiple-choice questions: a. Which of the following statements is incorrect? 1. Ratios are fractions expressed in percent or times per year. 2. A ratio can be computed from any pair of numbers. 3. A...
-
40 Shown here is an income statement in the traditional format for a firm with a sales volume of 18,500 units: Revenues Cost of goods sold ($11,000 +$3.00/unit) Gross profit Operating expenses:...
-
Calculating Present Values the first comic book featuring Superman was sold in 1938. In 2005, the estimated price for this comic book in good condition was about $485,000. This represented a return...
-
Distinguish between (a) A variable cost (b) A fixed cost (c) A mixed cost.
-
What are the three major types of product costs in a manufacturing company?
-
Discuss the negative effects of distress from both an organizational perspective and an individual perspective.
-
A model electric train requires 14 volts to operate. When it is connected to a 118 volt circuit, a transformer is needed. If the primary coil of the transformer has 435 turns, how many turns must be...
-
A horizontal force of 1 0 0 N is used to push a 2 0 kg box across a level floor for a distance of 1 0 m . How much work was done?
-
1234567 The table below presents the variance - covariance matrix and the mean returns for six different stocks of financial institutions, based on their monthly data. A FRE WM STT JPM GS C B FRE C...
-
Two identical charges, each 5.81x10 -5 coulombs are separated by 0.29 meters. What is the force of repulsion between the charges in newtons? Express your answer in Scientific Notation. Round to two...
-
What is the entropy change of a 3.0 kg iron skillet if it is heated from 20 deg. C to 40 deg. C? (It is OK if your approach gives a very good approximation rather than a perfectly exact answer. Look...
-
Suppose that the inverse market demand for silicone replacement tips for Sony EX71 earbud headphones is p = pN - 0.1Q, where p is the price per pair of replacement tips, pN is the price of a new pair...
-
Draw and label the E and Z isomers for each of the following compounds: 1. CH3CH2CH==CHCH3 2. 3. 4. CH,CH2C CHCH2CH Cl CH3CH2CH2CH2 CH CH2CCCH2CI CHCH3 CH3 HOCH CH CCC CH O-CH C(CH
-
Are variable costs always relevant? Explain.
-
Explain the difference between a product cost and a period cost.
-
Managers often assume a strictly linear relationship between cost and volume. How can this practice be defended in light of the fact that many costs are curvilinear?
-
Selling and administrative costs are Blank _ _ _ _ _ _ costs.
-
MET221 Manufacturing Processes Week 1 Review Assignment Problem 1. Chapter 10 Pouring Calculations A mold sprue is 25 cm long, and the cross-sectional area at its base is 3.0 cm2. The sprue feeds a...
-
Computer Graphics look at 5 areas (Hardware, Rendering, Interaction, Modelling and Scientific Visualization). Choose Only Three of these areas and describe each area in detail. The answer should...
Study smarter with the SolutionInn App