Define direct cost and indirect cost and provide an example of each.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (12 reviews)
Direct and indirect costs are specified in relation to distinct cost obje...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Management Accounting Information for Decision-Making and Strategy Execution
ISBN: 978-0137024971
6th Edition
Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young
Question Posted:
Students also viewed these Cost Accounting questions
-
Provide an example of each of the three types of models that might apply to designing a car, a house, and an office building. Explain why requirements models are logical models rather than physical...
-
Provide an example of each of the three primary information security areas: authentication and authorisation; prevention and resistance; and detection and response.
-
Define and give an example of each of the methods of gathering survey data. Under what circumstances should researchers choose a specific approach?
-
Here are the comparative income statements of Eudaley Corporation. Instructions (a) Prepare a horizontal analysis of the income statement data for Eudaley Corporation, using 2013 as a base. (Show the...
-
Prepare a horizontal analysis of the comparative income statement of Keesha Shoes Inc. (shown on the next page). Round percentage changes to the nearest one-tenth percent (three decimal places). Why...
-
Which of the following statement(s) is(are) true? a. A radioactive nuclide that decays from 2.00 10 21 atoms to 5.0 10 20 atoms in 16 minutes has a half-life of 8.0 minutes. b. Nuclides with large...
-
BALANCE TRANSFER CREDIT CARDS. Rebecca Holland has several credit cards, on which she is carrying a total current balance of $14,500. She is considering transferring this balance to a new card issued...
-
The mean per capita daily water consumption in a village in Bangladesh is about 83 liters per person and the standard deviation is about 11.9 liters per person. Random samples of size 50 are drawn...
-
You purchased 4 ABC 30 call option contracts at a quoted price of $0.37. What is your total profit or loss on this investment if the price of ABC is $30.76 on the option expiration date? (Round...
-
David and Hope Smith are married and have two children, Katelyn and Cory. They all live at 134 Crystal Lake Road, New Hope, PA 18938. The Smith family had health care coverage provided by David's...
-
Compare the defining characteristic and cost behavior of a consumable (flexible) resource to those of a capacity-related resource.
-
What has increased the need for cost systems that accurately deal with indirect manufacturing costs?
-
Return to the Oak Research Inc. (ORI) data in Starter 14-15. ORI ended 2016 with $20,000 in common shares and $15,000 in $0.50 preferred shares. No shares were sold or repurchased during 2017. Create...
-
int rFibNum(int a, int b, int n) { if(n == 1) return a; else if( n == 2) return b; else return rFibNum(a,b, n-1) + rFibNum(a, b, n-2); } In the code above; a) how many base cases are there? b) what...
-
Watch the Super Nanny (i.e., Jo Frost) episode "The Orm Family" (Season 1, Episode 3) and answer the following questions. Unless otherwise specified, your answers should focus on Declan (the 3 year...
-
2. Suppose Ford officials were asked to justify their decision. What moral principles do you think they would invoke? Assess Ford's handling of the Pinto from the perspective of each of the moral...
-
2. You have been asked to design the proto-type of an Automatic Grocery Vending Machine 10 (AGVM) for the super store. Automatic Grocery Vending Machine (AGVM) is a machine where different types of...
-
1. What does Porter's 5 Forces analysis strategy do? 2. Do most people agree Why? or disagree with this aspect Why? Here is the reference video, https://www.youtube.com/watch?v=Dfp23xSqpdk 3. What...
-
List the key characteristics of a group. 202.22
-
In a nonmagnetic medium, E = 50 cos (10 9 t 8x) a y + 40 sin (10 9 t 8x) a z V/m find the dielectric constant r and the corresponding H.
-
Suppose Patagonia has a government surplus of $10 billion. At the same time, private investment in Patagonia exceeds private savings by $15 billion. What can you conclude about Patagonia's balance on...
-
Pamela McDonald, chief management accountant and controller for Murray Manufacturing Inc., was having lunch with Roger Branch, manager of the companys power department. Over the past six months,...
-
Jan Shumard, president and general manager of Danbury Company, was concerned about the future of one of the companys largest divisions. The divisions most recent quarterly income statement follows:...
-
Jan Shumard, president and general manager of Danbury Company, was concerned about the future of one of the companys largest divisions. The divisions most recent quarterly income statement follows:...
-
Production numbers for 2 shifts are shown. The shift supervisor of Shift 2 insists to the production manager that her operators are more productive than the ones on Shift 1. Using a confidence level...
-
In a class, the scores that students got are as shown. What are the 25, 50, 75 and 100th percentiles for the data? 84 84 98 80 89 83 85 56 85 84 84 74 84 81 83 80 45 86 67 79 81 78 76 85 83 77 86 83...
-
Number of points made by Teams A and B are shown. Which statement is true based on running the F-Test Two-Sample for Variances in the Data Analysis pack in Excel? Use a confidence level of 10% to...
Study smarter with the SolutionInn App