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MARGINAL COSTING Vs DIRECT COSTING
Direct costing is the method where only direct costs are measured while calculating the cost of the product. Indirect costs are met in opposition to the total margin (excess of selling price over direct costs) specified by all the products taken together. A DIRECT COST is a cost that can be known readily with a a function, department, a unit of product or some other relevant unit. A direct cost therefore may be fixed or variable. Although most of the direct costs are variable costs, all direct costs cannot be direct.
Thomas Crown expects to earn the following stream of annual income for the next four years:- $41,000; $45,000; $38,000 and $50,000. Although he has adopted the Pay Yourself First s
Dixon Corporation was established on January 1, Year 1. The firm has 2 divisions, Division A and Division B. Division A manufactures standard carpets, and Division B manufactures
sums with solution of marginal costing
Freshly Ground Investments have just made an investment of $550 000 in a new Toyota Hilux (with trailer) delivery vehicle. This vehicle will be used for deliveries and generate rev
You are reviewing a cost proposal, which includes an $800,200 direct material estimate. After Initial examination of the proposal, you note that there are 500 material items, but y
Fosson Furniture uses a process cost system to account for its chair factory. Beginning inventory consisted of 5,000 units (100% complete as to material, 55% complete as to labor)
everything
There are different activities undertaken through a business that prove to be either source or use of cash. These can be categorizes under three broad categories that are: investin
please concept clear me cost accounting for example, we manufacturing any product
priple of accounting
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