Question: Alton Company produces metal belts. During the current month, the company incurred the following product costs: Raw materials $84,000 Direct labor $52,000 Electricity used in the Factory $22,000 Factory foreperson salary $3,100 Maintenance of factory machinery $2,000 What are Alton Company's direct product costs?

Q: Contribution margin means

A: In the production there are many types of cost some cost change with volume but some do not change…

Q: what is an indirect cost and how is it different than a direct cost?

A: Indirect Cost: Indirect costs are the costs of doing business that are not easily identified with a…

Q: What are the factors Affecting Cost Management?

A: The objective of this question is to identify and explain the various factors that can influence…

Q: What is cost-plus pricing? Who uses it?

A:

Q: What are some factors that affect variable costs?

A: Variable costs: A variable cost is a business expenditure that varies in proportion to manufacturing…

Q: What is fundamental value or price?

A: Fundamental value is a measure of what an asset's worth. This gauge is acquired by methods for an…

Q: What is intrinsic value or price?

A: Intrinsic value: Intrinsic value denotes to an investor's view of the intrinsic worth of an asset,…

Q: What is a component cost?

A: The most granular description of element costs is the cost components.  Types of cost components are…

Q: Cost method, Market method

A: There are different methods of pricing a product but the most common are on the basis of cost and…

Q: What is offer price?

A: Bid price is the maximum price which the buyer is willing to pay to purchase. In other words, it…

Q: What does the lower-of-cost-or-market (LCM) rule require?

A: Lower-of-cost-or-market: The lower-of-cost-or-market (LCM) is a method which requires the reporting…