a.
Introduction:
Direct cost: When a cost is directly linked with the production of certain goods or services, it is termed as direct cost. Examples of direct cost are direct material, direct labor.
To compute: The total product cost and period cost which are required to prepare the financial statements.
b.
Introduction:
Direct cost: When a cost is directly linked with the production of certain goods or services, it is termed as direct cost. Examples of direct cost are direct material, direct labor.
To compute: The total direct
c.
Introduction:
Direct cost: When a cost is directly linked with the production of certain goods or services, it is termed as direct cost. Examples of direct cost are direct material, direct labor.
To compute: The total manufacturing cost, total non-manufacturing cost , total conversion cost and total prime cost to update the manufacturer.
d.
Introduction:
Direct cost: When a cost is directly linked with the production of certain goods or services, it is termed as direct cost. Examples of direct cost are direct material, direct labor.
To compute: The total variable manufacturing cost, total fixed cost for the company as whole and total variable cost per unit to predict the cost behavior.
e.
Introduction:
Direct cost: When a cost is directly linked with the production of certain goods or services, it is termed as direct cost. Examples of direct cost are direct material, direct labor.
To compute: The incremental cost which is helpful in decision-making.
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