Identify which of the following costs are direct and which are indirect manufacturing costs. Cost Direct Indirect
Question:
Identify which of the following costs are direct and which are indirect manufacturing costs.
Transcribed Image Text:
Cost Direct Indirect Cost of raw materials Salary of factory supervisor Lease of factory Machine depreciation
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 63% (11 reviews)
Cost of raw materials is a direct manufacturing cost while salary of factory supervisor le...View the full answer
Answered By
Dulal Roy
As a tutor, I have gained extensive hands-on experience working with students one-on-one and in small group settings. I have developed the ability to effectively assess my students' strengths and weaknesses, and to customize my teaching approach to meet their individual needs.
I am proficient at breaking down complex concepts into simpler, more digestible pieces, and at using a variety of teaching methods (such as visual aids, examples, and interactive exercises) to engage my students and help them understand and retain the material.
I have also gained a lot of experience in providing feedback and guidance to my students, helping them to develop their problem-solving skills and to become more independent learners. Overall, my hands-on experience as a tutor has given me a deep understanding of how to effectively support and encourage students in their learning journey.
0.00
0 Reviews
10+ Question Solved
Related Book For
Accounting For Cambridge International AS And A Level
ISBN: 9780198399711
1st Edition
Authors: Jacqueline Halls Bryan, Peter Hailstone
Question Posted:
Students also viewed these Business questions
-
Which of the following costs are likely to be controllable by the chief of nursing in a hospital? a. Cost of medication administered. b. Cost of overtime paid to nurses due to scheduling errors. c....
-
Identify which of the following are internal agents to an enterprise and which are external agents. 1. Vendors 2. Customers 3. Employees 4. Delivery service 5. Internal Revenue Service 6. Bank
-
Identify which of the following are non-cash financing and investing transactions. 1. Long-term bonds were retired by issuing common shares. 2. Recorded depreciation expense on the building. 3. A 3:2...
-
(5 points) In a study of purchasing behavior at a small shop, it was found that the probabaty that a purchase is more than $5 is 0.29, the probability that a customer will pay with a credit card is...
-
An Internet advertising agency is studying the number of hits on a certain website during an advertising campaign. It is hoped that as the campaign progresses, the number of hits on the website will...
-
Explain how you would value a patent under the following situations: a patent with no current application, a patent linked to an existing product, and a patent portfolio.
-
Verify the last equality in (9.10). (9.10)
-
An analyst for an oil company has developed a formal linear regression model to predict the sales of 50 of their filling stations. The estimated model is Ŷ = b0 + b1 X1 where...
-
19. Dan king contacts you and indicates that he is considering incorporating a business by transferring investment property with a fair market value of $500,000 and an adjusted basis of $150,000. In...
-
Why are higher resolution monochromators found in ICP atomic emission spectrometers than in flame atomic absorption spectrometers?
-
Identify in which financial statement(s) each of the following items should be recorded. Receipts Income and Statement expenditure of financial position at year end Item and payments account account...
-
Dwight and Zamran formed a joint venture, sharing profits and losses equally. They agreed to purchase a quantity of electrical goods from a wholesale business that was closing down. The following...
-
The T-shaped bracket shown is supported by a small wheel at E and pegs at C and D. Neglecting the effect of friction, determine (a) The smallest value of for which the equilibrium of the bracket is...
-
Compared to other majornations, the United States spends________ on health care and achieves________ efficiency. A. more; about the same B. about thesame; less C. more; less D. less; less E. less;...
-
Studying other cultures through a humanistic lens allows people to understand how different cultures came about and how and why people behave differently from one place to another (Lombrozo, 2015)....
-
4. Assume that G and T are exogenous, and C is determined by the standard. consumption function, but that investment is now endogenous and responds to income: I = b + bY. Assume c + b < 1. (a)...
-
4. You have decided it's time to buy a house, and you have found the one you want. The price is $500,000, and you will pay 10% in cash and will take a mortgage on the balance. The annual interest...
-
Differentiate. G(x) = (2x+3) (9x+ (x) G'(x)=
-
Mondale Winery depreciates its equipment using the group method. The cost of equipment purchased in 2021 totaled $425,000. The estimated residual value of the equipment was $40,000 and the group...
-
An example of prescriptive analytics is when an action is recommended based on previously observed actions. For example, an analysis might help determine procedures to follow when new accounts are...
-
Describe the characteristics of managerial accounting and financial accounting.
-
Which accountant (financial or managerial) would prepare each of the following reports: a. Income statement for the Gatorade division of PepsiCo b. Balance sheet for Walmart prepared in accordance...
-
Burns Company incurred costs for the following items. 1. Salary of chief financial officer 2. Factory insurance 3. Salary for salespeople 4. Raw materials used in production easily traced to the...
-
Practicum Co. pad $1.2 million for an 80% interest in the common stock of Sarong Co. Practicum had no previous equity interest in Sarong. On the acquisition date, Sarong's identifiable net assets had...
-
On Dec 31 2020, Bernice Melson, a partner in ABC Communications, had an ending capital balance of $49,000. Her share of the partnership's profit was $18,000; she made investments of $12,000 and had...
-
Q2R. on account for each depreciable asset. During 2024, Jane VIIS nsactions.) i More Info Apr. 1 Purchased office equipment. 5111,000. Paid 581,000 cash and financed the remainder Jan. 1 with a note...
Study smarter with the SolutionInn App