Describe with examples the concepts of labour cost and overheads

Asked by admin @ 02/08/2021 in Accountancy viewed by 506 People

Ii. describe with examples the concepts of labour cost and overheads.

Answered by admin @ 02/08/2021

Answer:

Overhead expenses are all costs on the income statement except for direct labor, direct materials, and direct expenses. Overhead expenses include accounting fees, advertising, insurance, interest, legal fees, labor burden, rent, repairs, supplies, taxes, telephone bills, travel expenditures, and utilities.

Discuss the concept of opportunity cost with an example

Asked by admin @ 17/08/2021 in Economy viewed by 324 persons

Briefly explain the concept of opportunity cost with example

Which of the following examples describes heat transfer by radiation

Asked by admin @ 26/11/2021 in Chemistry viewed by 422 persons

Which of these describe radiation? A: transfer of heat between two objects that are touching B: transfer of heat by the actual movement of warmed matter C: the process in …

Variable costs are described by which of the following statements

Asked by admin @ 05/11/2021 in Business viewed by 352 persons

Which of the following statements are true? In absorption costing, fixed manufacturing costs are applied to production in large chunks, rather than on a per unit basis. Changes in activity …

Assign each example to the universal muscle characteristic being described

Asked by admin @ 09/10/2021 in Biology viewed by 329 persons

Assign each example to the universal muscle characteristic being described.

Which scenario is the best example of an opportunity cost

Asked by admin @ 02/10/2021 in Social Studies viewed by 369 persons

(please hurry)Which scenario is the best example of an opportunity cost? A.) A computer company issues a recall on its tablets. B.) A computer company produces fewer laptops to meet …

Which of the following best describes the invisible hand concept

Asked by admin @ 30/09/2021 in Business viewed by 275 persons

Which of the following best describes the "invisible hand" concept? Group of answer choices Ample regulation of business by the government will maximize the public's best interests. The market system …

Process cost is based on the concept of

Asked by admin @ 24/08/2021 in Accountancy viewed by 587 persons

. Process cost is based on the concept of (a) Average cost(b) Marginal cost(c) standard cost (d) Differential cost

Explain the concept of abc analysis with an example

Asked by admin @ 20/08/2021 in Business Studies viewed by 299 persons

Explain the concept of abc analysis with an example.

Describe the method of centrifugation using an appropriate example

Asked by admin @ 16/08/2021 in Science viewed by 358 persons

Describe the method of centrifugation using an appropriate example

Explain the concept of hard and soft acids with examples

Asked by admin @ 06/08/2021 in Chemistry viewed by 321 persons

Explain the concept of hard and soft acids with examples

Describe an example of a company that manufactures a product

Asked by maham237 @ 21/07/2021 in English viewed by 405 persons

2. List three examples of businesses in the service industry. (Complete sentences are not necessary. 1.5 points) 3. List three nondurable goods that you use on a regular basis. (Complete …

Which of the following best describes the concept of federalism

Asked by maham237 @ 29/06/2021 in History viewed by 320 persons

Which word best describes the closing costs of a mortgage

Asked by maham237 @ 27/05/2021 in Mathematics viewed by 437 persons

A.collateral B.conventional C.nonrecurring D.recurring

Which of the following is an example of search costs

Asked by maham237 @ 26/05/2021 in Business viewed by 268 persons

paying a premium cost for goods buying goods in some special way that is outside the normal channels driving to a faraway place to find available goods selling extra goods …