--%>
Assignment Help - homework help

Explain Direct expenses

Explain Direct expenses. Also write its main illustrations?

E

Expert

Verified

Direct expenses are the portion of expenses categorization. In expenses categorization, we can split total expenses into direct and indirect. Direct expenses are associating to production and purchasing of goods. All expenses that are incurred for production or purchasing are termed as direct expenses. This is the part of prime cost or cost of goods sold of company's product. This shows the debit side of trading account. Following are its main illustration:

•    Freight
•    Carriage inward
•    Wages
•    factory expenses

   Related Questions in Financial Accounting

  • Q : Define Conspicuous Consumption

    Conspicuous Consumption: It is the phenomena of spending money on services and goods which are not required but keeping them gives you a high social status. Those things are kept mainly for the purpose of displaying and creating a false image of your

    		•
  • Q : Objectives of Bretton Woods’s system

    State main objectives of Bretton Woods’s system?

    		•
  • Q : Causes of decreasing of Gross profit

    What are the various causes of decreasing of Gross profit margin?

    		•
  • Q : Separately-priced-items strategy

    Problem 1.  The manager of Joe's Menswear has noticed that over the past two holiday seasons their usual sales strategy of marking down prices has not been yielding the boost in revenues that it once did.  JM sell men's suits, dress shirts,

    		•
  • Q : Methods handling translation gains and

    How translation gains and losses are handled differently as per current rate method as compared to the other three methods, which is, monetary/nonmonetary method, current/noncurrent method, and the temporal method?

    		•
  • Q : Discrimination to women and minority

    Most of the organizations have established policies to remedy discrimination whenever hiring women and minorities. Discuss whether you feel that affirmative action programs, reverse discrimination, and criteria of comparable worth are suitable forms of remedy. You mus

    		•
  • Q : Prepare the journal entry to record the

    On December 31, 20x1, the Kat Co. purchase a group of four assets for a total cost of $1,000,000. An independent appraiser assesses the fair value of each asset asfollows: Asset Fair Value Land $350,000 Building 600,000 Equipment 200,000 Fixtures 150,000 Prepare the journal entry t

    		•
  • Q : Maintaining multiple manufacturing

    Write down disadvantages and advantages of maintaining the multiple manufacturing sites as the hedge against exchange rate exposure.

    		•
  • Q : Computing cross-rate matrix Compute

    Compute cross-rate matrix for French franc, Japanese yen, German mark, and the British pound. Utilize most recent European term quotes in order to compute the cross-rates in order that the triangular matrix result is same as that of the portion above diagonal in Exhib

    		•
  • Q : Explain Discount Briefly explain the

    Briefly explain the term Discount and also describe their important types?

    		•