Types of Business Costs
Jennifer edwards It is very important to distinguish or differentiate business costs as they help in recognizes the cost figures that your business produce by selling goods or services. There are…
Product Cost or Manufacturing Cost
Robert Product cost -includes costs incurred- for manufacturing or for purchasing goods. In case of manufacturing business product cost consists of direct materials, direct labour and factory overhead. In case of…
Cost Classifications for Assigning Costs to Cost Objects (Direct and Indirect Cost)
Abida Rehman 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…
Application of Manufacturing Overhead Cost in Job Order Costing
Sana Ahmed Application of Manufacturing Overhead Cost in Job Order Costing: Learning objective of this article: Define and explain predetermined manufacturing overhead applied to work in process rate, how is it calculated?…