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How do you charge indirect wages in manufacturing account?
that is the order of manufacturing account Direct materials + Direct wages + Direct expenses (like loyalty fees) = prime cost Production overheads = indirect wages, depreciation Non Production overheads = like Work in progress
What are costs that are associated with the operation of manufacturing but are not direct labor or direct materials?
Facilities Expenses - Rent, Utilities, Maintenance, InsuranceEquipment Expenses - Maintenance and Repair, DepreciationSelling Expenses such as AdvertisingOperating Expenses such as Telephone, Office Expense and Indirect LaborCosts that add no value to product such as Shipping, Warehousing, and Quality Control
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
When does a trading account show a gross loss?
When there is more direct expenses then revenue earned by company then trading account will show gross loss.
What is marginal costing and direct costing?
Marginal costing is a technique of costing where the variable expenses are charged to a product. It ignores the fixed expenses incurred by the business in fixing the price of a product on the assumption that the fixed expenses are not incurred in producing an additional unit.They are treated as period costs& charged directly to P& L A/C.Marginal cost is the cost of producing an additional unit of product.It takes the direct expenses & the variable portion of the overhead expenditure. But Direct costing takes into account only the direct expenses like direct mterials, direct labour & direct expenditure for finding out the cost of a product.
How do you charge indirect wages in manufacturing account?
that is the order of manufacturing account Direct materials + Direct wages + Direct expenses (like loyalty fees) = prime cost Production overheads = indirect wages, depreciation Non Production overheads = like Work in progress
What account head can be used for petrol expenses?
Direct expenses
What account head can be used in tally for expenses of Pizza?
direct expenses
Some examples of manufacturing overheads?
manufacturing overheads include all the expenses made in the factory for the production like depreciation, rent paid for the factory, tools used, supervisior's charge, electricity bill, amount paid for motive power etc. It excludes the prime cost ( direct matl, direct labour, direct expenses)...
Direct expenses list?
Direct Expenses are: The direct expenses means those cost incurred directly to the production which are: 1. Workers wages 2. Material Cost 3. Manufacturing Cost 4. Transport 5. Factory Rent 6. Electricity Power 7. Fuel and etc
What are costs that are associated with the operation of manufacturing but are not direct labor or direct materials?
Facilities Expenses - Rent, Utilities, Maintenance, InsuranceEquipment Expenses - Maintenance and Repair, DepreciationSelling Expenses such as AdvertisingOperating Expenses such as Telephone, Office Expense and Indirect LaborCosts that add no value to product such as Shipping, Warehousing, and Quality Control
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
When does a trading account show a gross loss?
When there is more direct expenses then revenue earned by company then trading account will show gross loss.
Is work expenses direct or not?
yes , work expenses are direct
What is marginal costing and direct costing?
Marginal costing is a technique of costing where the variable expenses are charged to a product. It ignores the fixed expenses incurred by the business in fixing the price of a product on the assumption that the fixed expenses are not incurred in producing an additional unit.They are treated as period costs& charged directly to P& L A/C.Marginal cost is the cost of producing an additional unit of product.It takes the direct expenses & the variable portion of the overhead expenditure. But Direct costing takes into account only the direct expenses like direct mterials, direct labour & direct expenditure for finding out the cost of a product.
Is a manufacturing plant managers salary a direct labor cost?
Manufacturing plant manager is not directly related to manufacture of unit of product that's why it is not direct labor cost instead of that it is indirect cost and goes to overhead account
What is direct expenses and indirect expenses?
what is direct and indirect expense
