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

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Answer 1

Question

Chapter 3, 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

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Answer 2

Question

Chapter 3, 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

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Check out a sample textbook solution

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Answer 3

Question

Chapter 3, 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

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Answer 4

Question

Chapter 3, 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

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Answer 5

Chapter 3, 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 3, 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 3, 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

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Answer 9

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Answer 10

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Answer 11

Ch. 3 - Prob. 1MCQ Ch. 3 - Prob. 2MCQ Ch. 3 - Prob. 3MCQ Ch. 3 - Prob. 4MCQ Ch. 3 - Prob. 5MCQ Ch. 3 - What is the main factor for a company in closing...Ch. 3 - Prob. 2DQ Ch. 3 - Prob. 3DQ Ch. 3 - Prob. 4DQ Ch. 3 - Prob. 5DQ

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