What is the difference between direct pay and indirect pay

Q: What is the difference between price and cost? Is there any relation connected them? Which one is…

A: PRICE  1. Price is what you pay for purchasing goods or availing the services. Also called sale…

Q: Among time basis and piece rate basis of wages payment which one will be beneficial for a less…

A: Hi student Since there are multiple questions, we will answer only first question.

Q: What is the difference between direct and indirect operating expenses?

A: Direct operating expenses: The expenses that are directly related to the operations of the…

Q: Please explain the meaning of differential income.

A: Concept of differential is generally used when there are two or more alternatives to choose upon.…

Q: difference between Wages and Salary?

A: Wages and salaries are the remuneration paid to the employees by the employer for their contribution…

Q: how to prepare a contribution margin income statement?

A: Contribution Margin: It is defined as the difference between the sales and the variable cost. In…

Q: variables cost

A: Variable cost is the cost that change according to sale or production volume.

Q: 1 An example of a mixed cost is a. utility costs. b. property taxes. c. direct materials. d.…

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Q: gross pay.

A: Overtimes wages are paid to workers as an incentive . Overtime wages are paid based on a…

Q: Define gross pay.

A: Payroll: The total payment that a company is required to pay to its employee for the services…

Q: Which of the following is considered a fixed cost? a) rent expense b) marketing costs record…

A: The manufacturing company has undergone many costs. The process of the product will resulted in to…

Q: Give the formula to determine taxable wages

A: Any money earned by an individual is subject to government taxation. Hourly pay, overtime pay, a…

Q: What is the primary objective of any base wage and salary system?

A: A basic salary, also known as a base salary, is the amount of money that a salaried employee…

Q: calculate samsam salary after deductions

A: Salary after deduction can be calculated by subtracting the total deductions claimed during the…

Q: What is job lot?

A: Job:   A job is a task or work assigned to the employee for which he is paid. Job is considered as…

Q: What are the differences in the accounting forinventoriable versus period costs?

A: Cost:   Cost can be defined as the cash and cash equivalent which is incurred against the products…

Q: Why is the basic earning power ratio useful?

A: Basic earning power ratio shows the relationship between earnings before interest and taxes and…

Q: What is the difference between direct and indirect expenses?

A: Expenses: Expenses are costs incurred for the operations of a business. The costs incurred for…

Q: What is the difference between pay grade and pay range?

A: Pay grade refers to an approach that helps categorize different types of jobs into various groups…

Q: is this still applicable if the company uses cost model?

A: Under cost model, the property is recorded at cost less accumulated depreciation and impairment…

Q: It is a person's earnings before deduction. Salary Wage Gross pay Net pay

A: Employment is one of the major economic activities. Employees get some remuneration from their…

Q: What is Output tax

A: In order to generate revenue, the government frequently employs and imposes indirect taxes. They are…

Q: Name the units of service on which cost-based payers may pay providers

A: Payers- is a company that  pays for or reimburses for medical services availed. For example, the…

Q: Which of the following does not belong to the group?   Broker's commission Transfer tax…

A: The term Cost of disposal refers to the additional expense that are incurred or to be incurred for…

Q: Which duties should be separated in the payroll cycle?

A: Payroll System:   A payroll system is a system within an organization that is responsible for…

Q: Salary paid to administration staff is an example of a direct cost. TRUE or FALSE?

A: Direct cost: Direct cost is the cost which is directly related to production process.  Indirect cost…

Q: What is the difference between gross pay and net pay?

A: Gross pay: The total amount such as salary, wages, commissions, overtime, and bonus paid by the…

Q: Among time basis and piece rate basis of wages payment which one will be beneficial for a less…

A: Time basis and piece rate basis are two methods of wage payment. Under time basis, workers are paid…

Q: How much is the total exclusion from gross income?

A: Gross income is the income which has been earned by the employee during the year from the employer…

Q: Under which of the following labour remuneration methods will direct labour cost always be a…

A: We have the following question: Under which of the following labour remuneration methods will direct…

Q: An example of "piece rate" compensation is: executive compensation. fee for service compensation.…

A: Compensation : Compensation is paid to employees for services received. Generally compensation is…

Q: What's the difference between total net income and net take-home pay?

A: The company's transactions will be tracked, and the first book to record these transactions is the…

Q: What is a modified wage plan?

A: Modified wage plan refers to the combined plan which reflects the aspects of hourly wage plan and…

Q: What is a characteristic of pay for performance?

A: Pay for performance is a management technique which aims at improving the performance of the…

Q: What is your understanding about labor relation?

A: Labor relations seems to be the term used to describe the process through which employers and…

Q: What are “initial direct costs” and how are they accounted for by lessees and lessors?

A: Initial Direct Costs: Initial direct costs refer to the costs that a lessor incurs directly while a…

Q: What are the important key points of earning per share PAS 33 and employee benefits PAS 19?

A: Accounting standards are the rules and regulations used for the preparation of proper financial…