Memo: From, XY To, ZX Date: February 28, 2018 Subject: Cost classification. Dear Friend, Explanation: In process costing , the costs which are directly incurred on the production of goods are classified as direct cost and the costs which are indirectly incurred on the production of goods are classified as indirect cost. Some costs which are indirect cost are entered as a direct cost because the company might be producing more than one product and it is the cost of this product. So, they identified it as a direct cost. Yours, XY

Question

Want to see the full answer?

Answer 1

Question

Chapter 16, Problem 4BTN

To determine

Memo:

From,
XY

To,
ZX

Date: February 28, 2018

Subject: Cost classification.

Dear Friend,

Explanation:

In process costing, the costs which are directly incurred on the production of goods are classified as direct cost and the costs which are indirectly incurred on the production of goods are classified as indirect cost.

Some costs which are indirect cost are entered as a direct cost because the company might be producing more than one product and it is the cost of this product. So, they identified it as a direct cost.

Yours,
XY

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

I want the solution and general accounting

Could you help me solve this financial accounting question using appropriate calculation techniques?

Can you solve this financial accounting problem with appropriate steps and explanations?

Answer 2

Question

Chapter 16, Problem 4BTN

To determine

Memo:

From,
XY

To,
ZX

Date: February 28, 2018

Subject: Cost classification.

Dear Friend,

Explanation:

In process costing, the costs which are directly incurred on the production of goods are classified as direct cost and the costs which are indirectly incurred on the production of goods are classified as indirect cost.

Some costs which are indirect cost are entered as a direct cost because the company might be producing more than one product and it is the cost of this product. So, they identified it as a direct cost.

Yours,
XY

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 16, Problem 4BTN

To determine

Memo:

From,
XY

To,
ZX

Date: February 28, 2018

Subject: Cost classification.

Dear Friend,

Explanation:

In process costing, the costs which are directly incurred on the production of goods are classified as direct cost and the costs which are indirectly incurred on the production of goods are classified as indirect cost.

Some costs which are indirect cost are entered as a direct cost because the company might be producing more than one product and it is the cost of this product. So, they identified it as a direct cost.

Yours,
XY

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 16, Problem 4BTN

To determine

Memo:

From,
XY

To,
ZX

Date: February 28, 2018

Subject: Cost classification.

Dear Friend,

Explanation:

In process costing, the costs which are directly incurred on the production of goods are classified as direct cost and the costs which are indirectly incurred on the production of goods are classified as indirect cost.

Some costs which are indirect cost are entered as a direct cost because the company might be producing more than one product and it is the cost of this product. So, they identified it as a direct cost.

Yours,
XY

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 16, Problem 4BTN

To determine

Memo:

From,
XY

To,
ZX

Date: February 28, 2018

Subject: Cost classification.

Dear Friend,

Explanation:

In process costing, the costs which are directly incurred on the production of goods are classified as direct cost and the costs which are indirectly incurred on the production of goods are classified as indirect cost.

Some costs which are indirect cost are entered as a direct cost because the company might be producing more than one product and it is the cost of this product. So, they identified it as a direct cost.

Yours,
XY

Answer 6

Chapter 16, Problem 4BTN

To determine

Memo:

From,
XY

To,
ZX

Date: February 28, 2018

Subject: Cost classification.

Dear Friend,

Explanation:

In process costing, the costs which are directly incurred on the production of goods are classified as direct cost and the costs which are indirectly incurred on the production of goods are classified as indirect cost.

Some costs which are indirect cost are entered as a direct cost because the company might be producing more than one product and it is the cost of this product. So, they identified it as a direct cost.

Yours,
XY

Answer 7

Chapter 16, Problem 4BTN

To determine

Memo:

From,
XY

To,
ZX

Date: February 28, 2018

Subject: Cost classification.

Dear Friend,

Explanation:

In process costing, the costs which are directly incurred on the production of goods are classified as direct cost and the costs which are indirectly incurred on the production of goods are classified as indirect cost.

Some costs which are indirect cost are entered as a direct cost because the company might be producing more than one product and it is the cost of this product. So, they identified it as a direct cost.

Yours,
XY

Answer 8

Expert Solution & Answer

Answer 9

Expert Solution & Answer

Answer 10

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 11

Ch. 16 - Prob. 1MCQ Ch. 16 - Prob. 2MCQ Ch. 16 - Prob. 3MCQ Ch. 16 - 4. A company’s beginning work in process in...Ch. 16 - Prob. 5MCQ Ch. 16 - What is the main factor for a company in closing...Ch. 16 - Prob. 2DQ Ch. 16 - Prob. 3DQ Ch. 16 - Prob. 4DQ Ch. 16 - Prob. 5DQ

Concept explainers

Videos

Want to see the full answer?

Chapter 16 Solutions