Direct Material, Direct Labour and Factory Overheads : Direct material cost is a material cost which is directly identified in the manufacturing of the product. Direct labour cost is a labour cost which is directly identified in the manufacturing of the product. Factory overheads is an indirect cost associated with the manufacturing product and which cannot be directly identified in the production of product. Direct costs are generally variable in nature i.e. changes with the level of production activity and Indirect costs are fixed in nature as it does not normally change with the change in the level of production activity. The Classification of various cost in direct/ Indirect and Variable/ Fixed cost.

Question

Want to see the full answer?

Answer 1

Question

Chapter 18, Problem 18SP

To determine

Direct Material, Direct Labour and Factory Overheads:

Direct material cost is a material cost which is directly identified in the manufacturing of the product.

Direct labour cost is a labour cost which is directly identified in the manufacturing of the product.

Factory overheads is an indirect cost associated with the manufacturing product and which cannot be directly identified in the production of product.

Direct costs are generally variable in nature i.e. changes with the level of production activity and Indirect costs are fixed in nature as it does not normally change with the change in the level of production activity.

The Classification of various cost in direct/ Indirect and Variable/ Fixed cost.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

Answer this without using chatgpt or AI

answer plz

Do fast answer of this accounting questions

Answer 2

Question

Chapter 18, Problem 18SP

To determine

Direct Material, Direct Labour and Factory Overheads:

Direct material cost is a material cost which is directly identified in the manufacturing of the product.

Direct labour cost is a labour cost which is directly identified in the manufacturing of the product.

Factory overheads is an indirect cost associated with the manufacturing product and which cannot be directly identified in the production of product.

Direct costs are generally variable in nature i.e. changes with the level of production activity and Indirect costs are fixed in nature as it does not normally change with the change in the level of production activity.

The Classification of various cost in direct/ Indirect and Variable/ Fixed cost.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 18, Problem 18SP

To determine

Direct Material, Direct Labour and Factory Overheads:

Direct material cost is a material cost which is directly identified in the manufacturing of the product.

Direct labour cost is a labour cost which is directly identified in the manufacturing of the product.

Factory overheads is an indirect cost associated with the manufacturing product and which cannot be directly identified in the production of product.

Direct costs are generally variable in nature i.e. changes with the level of production activity and Indirect costs are fixed in nature as it does not normally change with the change in the level of production activity.

The Classification of various cost in direct/ Indirect and Variable/ Fixed cost.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 18, Problem 18SP

To determine

Direct Material, Direct Labour and Factory Overheads:

Direct material cost is a material cost which is directly identified in the manufacturing of the product.

Direct labour cost is a labour cost which is directly identified in the manufacturing of the product.

Factory overheads is an indirect cost associated with the manufacturing product and which cannot be directly identified in the production of product.

Direct costs are generally variable in nature i.e. changes with the level of production activity and Indirect costs are fixed in nature as it does not normally change with the change in the level of production activity.

The Classification of various cost in direct/ Indirect and Variable/ Fixed cost.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 18, Problem 18SP

To determine

Direct Material, Direct Labour and Factory Overheads:

Direct material cost is a material cost which is directly identified in the manufacturing of the product.

Direct labour cost is a labour cost which is directly identified in the manufacturing of the product.

Factory overheads is an indirect cost associated with the manufacturing product and which cannot be directly identified in the production of product.

Direct costs are generally variable in nature i.e. changes with the level of production activity and Indirect costs are fixed in nature as it does not normally change with the change in the level of production activity.

The Classification of various cost in direct/ Indirect and Variable/ Fixed cost.

Answer 6

Chapter 18, Problem 18SP

To determine

Direct Material, Direct Labour and Factory Overheads:

Direct material cost is a material cost which is directly identified in the manufacturing of the product.

Direct labour cost is a labour cost which is directly identified in the manufacturing of the product.

Factory overheads is an indirect cost associated with the manufacturing product and which cannot be directly identified in the production of product.

Direct costs are generally variable in nature i.e. changes with the level of production activity and Indirect costs are fixed in nature as it does not normally change with the change in the level of production activity.

The Classification of various cost in direct/ Indirect and Variable/ Fixed cost.

Answer 7

Chapter 18, Problem 18SP

To determine

Direct Material, Direct Labour and Factory Overheads:

Direct material cost is a material cost which is directly identified in the manufacturing of the product.

Direct labour cost is a labour cost which is directly identified in the manufacturing of the product.

Factory overheads is an indirect cost associated with the manufacturing product and which cannot be directly identified in the production of product.

Direct costs are generally variable in nature i.e. changes with the level of production activity and Indirect costs are fixed in nature as it does not normally change with the change in the level of production activity.

The Classification of various cost in direct/ Indirect and Variable/ Fixed cost.

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. 18 - Prob. 1QS Ch. 18 - Prob. 2QS Ch. 18 - Fixed and variable costs C2 Listed below are...Ch. 18 - Prob. 4QS Ch. 18 - Prob. 5QS Ch. 18 - Prob. 6QS Ch. 18 - Prob. 7QS Ch. 18 - Prob. 8QS Ch. 18 - Prob. 9QS Ch. 18 - Prob. 10QS

Concept explainers

Videos

Want to see the full answer?

Chapter 18 Solutions