Direct cost of sales definition

    • [DOC File]CHAPTER 14

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      (related to MIPRs) – The liability to pay for the cost of goods and services to be delivered under a purchase order or contract. The DD Form 448-2 is the obligating document for Category I Reimbursable MIPRs and the contract award document is the obligating document for Category II Direct Cite MIPRs.

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    • [DOCX File]JUSTIFICATION AND APPROVAL

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      Modified Total Direct Cost (MTDC) Base: Total Direct Costs excluding: items of equipment, that portion of subcontracts in excess of $25,000, alterations and renovations, hospitalization and other fees related to patient care, animal costs, and other hospital interdepartmental expenditures.

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    • [DOC File]Chapter 2: Basic Cost Management Concepts

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      The $320 direct materials unit cost is valid for predicting total costs because direct materials is a variable cost; total direct materials costs indeed change as output levels change. However, fixed costs like depreciation must be interpreted quite differently from variable costs.

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    • [DOCX File]CHECKLIST ITEMS AND EXPLANATIONS

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      If sales data is not sufficient for determining price reasonableness, (quantities are not representative or sales data is not current), a cost element breakdown shall be provided including labor hours, bill of material, other direct cost, rates, profit and supporting documentations.

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    • [DOCX File]F335, Commercial Item Status - Lockheed Martin

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      (iv) The J&A for a cost-type contract, cites an estimate of $7 million. The contracting officer previously increased the obligated contract amount to $9.5 million. The contracting officer plans two actions, one for $3 million with no change in scope and another action six …

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    • Cost of Goods Sold – COGS Definition

      Direct Expenses: These are the expenses that vary with the level of production. For example, in the Food and Beverage department, the Cost of Food Sales is a direct expense. For, the more dishes we serve, the more cost of Food Sales the Hotel incurs. Moreover, in the Telephone Department, the Cost of Calls is a direct expense.

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    • [DOC File]HOTEL EXPENSE ACCOUNTING

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      Direct materials. Direct labor Cost assignment: Depreciation Direct materials. Power Direct labor. Material handling Overhead Costing out of products. Users or User actions. Make-or-buy decision, Bidding decision. 3. The inputs consist of only production costs, suggesting a functional-based product cost definition. 2–3 a. Direct tracing. b ...

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    • [DOCX File]BWH Institutional Facts - Partners HealthCare

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      direct materials are traced directly to the product or service . but conversion costs are traceable to activities. advantage lies in the information it provides to production managers. ABC focuses attention on the cost drivers - the activities that give rise to costs - and facilitates cost control by …

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    • [DOC File]Solutions for Homework ** Accounting 311 Cost ** Winter 2009

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      The salary of a plant security guard would be a direct cost when the cost object is the security department of the plant. It would be an indirect cost when the cost object is a product. 14-3. Exhibit 14-1 outlines four purposes for allocating costs: 1. To provide information for economic decisions. 2. To motivate managers and employees. 3.

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