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Direct Materials Price and Quantity Standards: Learning Objective of the articles: Define and explain direct materials price standards and direct materials quantity standards. Explain how direct materials price and quantity…
Direct Materials Quantity Variance: Learning Objective of the articles: Define and explain "direct materials quantity variance" and its significance. How is it calculated? How direct materials quantity variance is interpreted?…
Direct Materials Price Variance: Learning Objective of the articles: Define and explain "direct materials price variance" and its significance. How is it calculated? How direct materials price variance is interpreted?…
Direct Materials Budget Definition: A detailed plan showing the amount of raw materials that must be purchased during a period to meet both production and inventory needs. Click here to…
Direct Materials Definition: Those materials that become an integral part of a finished product and can be conveniently traced into it.
Direct Labor Standards: Learning Objective of the articles: Define and explain "direct labor standards" . How direct labor rate and direct labor efficiency standards are set? Direct labor price and…
Direct Labor Rate | Price Variance: Learning Objective of the articles: Define and explain "direct labor rate | price variance /labour rate variance" . How direct labor rate or price…
Direct Labor Efficiency Variance Learning Objective of the article: Define and explain "direct labor efficiency | usage variance" . How direct labor efficiency (labour analysis) or usage variance is calculated?…
Direct Labor Definition: Direct labor costs are those factory labor costs that can be easily traced to individual units of product. Also called touch labor.
Direct Labor Definition: Direct labor costs are those factory labor costs that can be easily traced to individual units of product. Also called touch labor.
Direct Labor Budget Definition: A detailed plan showing labor requirements over some specific time period. Click here to read full article about direct labor budget.
Direct Exchange Transaction Definition: Transactions involving only non-current balance sheet accounts. For example, a company might issue common stock that is directly exchanged for property.
Cost Classifications for Assigning Costs to Cost Objects (Direct and Indirect Cost): Learning Objective of this article: Define and explain direct and indirect cost. Give examples of direct and indirect…
Direct Costing Definition: A costing method that includes only variable manufacturing costs–direct materials, direct labor, and variable manufacturing overhead–in unit product cost. Direct costing is also called marginal costing and…
Direct Cost Definition: Direct cost is the cost that can be easily and conveniently traced to the particular cost object under consideration.
Diminishing Balance Method of Depreciation: Learning Objectives: Define, explain and give example of the diminishing balance method/written down value method/reducing installment method? What are advantages and disadvantages of diminishing balance…
Difficulties Encountered in Process Costing Procedures: Learning objectives of this article: What are the difficulties or Limitations in a process costing procedure? Certain difficulties likely to be encountered in actual…
Difficulties / Problems in Costing by Products and Joint Products: By products and joint products are difficult to cost because a true joint cost is indivisible. For example, an ore…
Abida Rehman