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Direct costs and indirect costs?
Direct costs- can be conveniently and economically traced to a cost object Indirect costs- cannot be conveniently or economically traced to a cost object. Instead of being traced, these costs are allocated to a cost object in a rational and systematic manner
Difference between direct cost and direct costing?
Direct cost is that cost which is directly identifiable with production volume while direct costing is the method or process through which direct cost is allocated to production.
What are Both traced direct costs and allocated indirect costs?
cost assignments
Can direct cost be indirect cost?
The Answer is NO. Direct costs are direct cost which can be clearly/economicaly identified with the cost object, indirect costs cannot be traced to a specific cost object, based on the definition direct cos cant be an indirect cost (Misdhaaque Ahmed)
Variable cost can always be traced directly to the cost object?
No, because varible cost can be direct or indirect cost. Direct cost can always be traced directly to a cost object, but not indirect cost. For example, sales commission.
What is the direct and indirect object of the sentence Her mistake cost your team the game?
The sentence has two direct objects. direct object - the game indirect object - your team
What two types of costs are assigned to a cost object?
Costs assigned to a cost object are either direct or indirect.
What is an example of a problem that can arise in a cost plus contract?
A contractor may even try to double-count a cost item by including it as a direct cost of the contract and as a part of an indirect cost pool allocated to the contract.
What is an example of a cost object?
An example of a cost object is a specific product line within a company, such as a particular model of a car produced by an automobile manufacturer. Costs associated with designing, producing, and marketing that specific product line would be allocated to it as a cost object for analyzing profitability and making pricing decisions.
In object oriented programming when does memory for the class is allocated and why?
While it depends on the specific language, memory for a class is usually allocated when an object of that class is created.
A fixed cost that would be considered a direct cost is a cost accountant's salary when the cost objective is a unit of product?
a. A Store Manager's salary when the cost object is a unit of product b. An Auditor's Salary when the cost object is the Audit Department c. The Director's fees when the cost object is the Production Department d. A Production supervisor's Salary when the cost object is the Stores dept
Is variety a subject direct object verb or direct of preposition?
object
