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Prior department costs behave the same as direct materials, which are typically added at the start of production. They are treated separately because they represent the accumulation of costs from previous departments rather than the receipt of materials from the stores area. It is helpful to separate prior department costs from other costs because the manager of the department receiving the transferred units has no control over the costs incurred in prior departments. Thus, the prior department costs are not useful for evaluating the performance of the manager of the department receiving the units.
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What is direct material cost?
This is the cost of materials which become part of the finished product.
What are Direct material costs in pharmaceuticals?
The cost of direct materials varies in pharmaceuticals. The rate you pay depends on how much you purchase and from what vendor you use when you make purchases.
What does EPGA Treasury 310 mean?
It is unclear what the abbreviation EPGA means on the treasury 310 check is. The treasury 310 check is a direct deposit check from the Department of Treasury. EPGA is typically the subsection of the department that it was issued from. For example, AGRI is the Department of Agriculture.
Why are the standard direct labor and direct materials cost based on actual case production volume rather than planned cases production?
Because they think they will get more money
What is an example of how a standard cost is established?
in a factory that produces personal computers, standard costs are often used for direct materials, direct labor, and variable overhead, at the unit level. Resource usage that can be traced exactly to what is to be produced is referred to as direct.
Which department is often responsible for the direct materials price variance?
Receiving can affect direct materials price variances if there is no inventory. The accounting department will mark up prices to reflect a shortage.
Large companies usually assign responsibility for purchasing direct and indirect materials to the same department true or false?
FALSE
Is freight in considered part of direct materials or overhead?
Direct Materials
How do you calculate the ending direct materials inventory?
Beginning Direct Materials Add: Materials purchased during period Less: Materials Used during period Equals: Ending Direct Materials
The use of a direct materials budget?
The direct materials budget shows the quantity and cost of direct materials to be purchased. The budgeted cost of direct materials to be purchased is then computed by multiplying the rquired units of direct materials by the anticipated cost per unit. Inadequate inventories could result in a temporary shutdown of production.
What is the difference of indirect materials and direct materials?
One is indirect and one is direct!
How can you find out how much you owe a hospital?
You should contact the hospital directly. Just ask for the billing department and they will direct you.You should contact the hospital directly. Just ask for the billing department and they will direct you.You should contact the hospital directly. Just ask for the billing department and they will direct you.You should contact the hospital directly. Just ask for the billing department and they will direct you.You should contact the hospital directly. Just ask for the billing department and they will direct you.You should contact the hospital directly. Just ask for the billing department and they will direct you.
What is the sum of direct labor and direct materials called?
prime cost = direct labour cost + direct material cost + direct expenses
What is prime cost in cost accounting?
Sum of direct materials and direct labor
What are fixed direct costs?
Direct cost are cost which can be directly related to or identified with a particular product or department e.g materials used to make a product, but they could be fixed . Example if their are three computer production lines a special machine is required needed for only one of the computer. i
Direct materials required in a vehicle?
test
Will man ever walk on Mars?
YES And there you have it, direct from the Department of Clairvoyancy and Redundancy Department here at WikiAnswers.
