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Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773

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BuyFindarrow_forward

Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773
Textbook Problem
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What is a direct cost? An indirect cost? Can the same cost be direct for one purpose and indirect for another? Give an example.

To determine

Describe direct and indirect cost. Also, describe whether the same cost can be the direct cost for one purpose and indirect for another using an example.

Explanation

Direct and Indirect Costs:

The costs that can be identified accurately and easily in a cost object are known as a direct cost. If the costs are traceable to the cost objects, then the cost is said to be assigned correctly. Whereas, the costs that cannot be identified properly and easily in a cost object are known as indirect costs...

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