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Difference between Direct labour and Indirect labour
Direct labour:-
Labour which plays an active and direct part in the production of a particular commodity is called direct labour. Direct labour costs are, therefore specifying and conveniently traceable to the specified product. Direct labour is also described as process labour, productive labour, operating labour, etc.
Indirect labour
Labour employed for the purpose of carrying out tasks incidental of goods produced of services provided, is known as indirect labour. Such labour does not alter the construction, composition or condition of the product. It can't be partially traced to a specific unit of o/p. Wages of store keepers, foreman, time keepers, directors fees, salaries of the salesman etc are all examples of the indirect labour costs.
Transition probabilities These are the probabilities of moving from one state to another in the next time period. Usually they are written in the form of a probability matrix.
What is Direct material cost variance It can be defined as the difference between the standard costs of direct material specified and the actual cost of direct material used.
Definition of accounting Accounting is the procedure of recognizing measuring and communicating economic information to allow informed judgments and decisions by the user’s inf
static budget
What is behind the wave of mergers in the banking industry? A: Several economic factors have caused banking institutions to merge over the past several years. These factors inc
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differentiate between multiple product, selling product and margin managent
You are required to provide a report of approx 500 words or less (excluding attachments and references), accompanied by relevant calculations, in MS Word, MS Excel and/or PDF forma
If a company creates sales to a number of customers on credit terms this will have to wait for two or still three months before its debtors pay that they owe. It means that the deb
I am part of a marketing group, and we are working on a project for a local cable company,they currently serve 3,200 customers and sell 50 wireless boxes a month,what I need to do
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