Discussion 04.2: Indirect and Direct CostUse your household as a pretend organization.List each family...Discussion...

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Accounting

Discussion 04.2: Indirect and Direct Cost
Use your household as a pretend organization.
List each family member as a cost object within your pretendfamily organization.
For your household organization, list all expenses and costduring a 3-month period.
For each of your monthly costs, list whether it is a direct orindirect cost based on its association with a cost object (familymember).

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Direct costs are costs which can be directly attributed to the production of goods It varies as per the production varies It is directly proportional to the production of goods For example direct materials direct labour commissions etc Indirect costs are those costs which are not See Answer

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In: AccountingDiscussion 04.2: Indirect and Direct CostUse your household as a pretend organization.List each family...Discussion 04.2: Indirect and Direct CostUse your household as a pretend organization.List each family member as a cost object within your pretendfamily organization.For your household organization, list all expenses and costduring a 3-month period.For each of your monthly costs, list whether it is a direct orindirect cost based on its association with a cost object (familymember).