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| Topic: |
Business
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| Number of pages / Number of words: |
15 / 4166 |
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Indirect Costs of a batch of jeans - factory manager’s salary and insurance on the factory building and equipment.
*However, if the cost object were instead specified to be the factory where the jeans are produced, then the factory manager’s salary and the insurance costs are direct costs of that cost object...
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batch of jeans) or a service (ex. repair job on an automobile)
Product Costing System
-the system that accumulates and reports the costs of product cost objects
*Elements of Product Cost are either material, labor or services.
Direct Material Cost
-the quantities of material that can be specifically identified with a cost object in an economically feasible manner, priced at the unit price of direct material...
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