direct materials

All of the materials that go into creating manufactured goods are called “Raw Materials.” Raw materials appear in two tastes: Direct Materials and Indirect Materials. Direct materials are the raw materials that develop into component of the manufactured goods. For example, bricks, shingles, and bath tubs would be the straight resources when building a house. Paper would be a direct material when making grocery bags. Seems easy, but there is a catch.

Job Order Costing System

Job Order Costing System: After studying job order costing system chapter you should be able to: Distinguish between process costing and job order costing and identify companies that would use each costing method. Identify the documents used in job order costing system. Compute predetermined

Sales Budget

Sales Budget: Learning Objectives: Define and explain sales budget. Give and example of sales budget. Contents: Definition and explanation of sales budget Example Definition and Explanation: A sales budget is a detailed schedule showing the expected sales for the budget period; typically, it is expressed in both dollars and units