Question

Explain the difference between direct costs, fixed costs, and general expenses. Give two examples of each.

Explain the difference between direct costs, fixed costs, and general expenses. Give two examples of each.

Homework Answers

Answer #1

Direct costs are those costs that are incurred by a particular project. Costs for training staff or purchase of new equipment for project are examples of direct costs.

Fixed costs are those costs which do not change from month to month, throughout the life of the project. These are usually purchase of assets like land, building etc.

General expenses refer to the expenditures related to the day to day operations of a business. They pertain to operational expenses rather than to expenses that can be directly related to the production of goods. Eg: managerial salaries, insurance, rent , utilities etc.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Explain the difference between convection and conduction with regards to heat transfer. Give examples of each...
Explain the difference between convection and conduction with regards to heat transfer. Give examples of each method.
Define fixed and variable costs. Give examples of each. Can a company budget for variable costs?...
Define fixed and variable costs. Give examples of each. Can a company budget for variable costs? Explain
What is the difference between a sarcoma and a carcinoma? Give two examples
What is the difference between a sarcoma and a carcinoma? Give two examples
In what situation common fixed expenses become direct fixed expenses and give the example ?
In what situation common fixed expenses become direct fixed expenses and give the example ?
Can you please explain the difference between OTC medication and prescription medications? And give 2 examples...
Can you please explain the difference between OTC medication and prescription medications? And give 2 examples of each.
Explain the difference between “Direct Marketing Channel” and “Indirect Marketing Channel” and give an example of...
Explain the difference between “Direct Marketing Channel” and “Indirect Marketing Channel” and give an example of each from your shopping experience
Explain the difference between nominal variables and real variables giving two examples of each. According to...
Explain the difference between nominal variables and real variables giving two examples of each. According to the classical dichotomy, which of these two sets of variables are affected by a change in money supply.
A1. With the aid of examples briefly explain the difference between fixed effect and random effects...
A1. With the aid of examples briefly explain the difference between fixed effect and random effects models in experimental design.
1) Explain the difference between "bad" fats and "good" fats and provide TWO examples of each....
1) Explain the difference between "bad" fats and "good" fats and provide TWO examples of each. (2) Why are trans fatty acids so unhealthy? (3) What is the role of healthy fats?
Explain the difference between an analog and a digital signal. Give 2 examples of real-world digital...
Explain the difference between an analog and a digital signal. Give 2 examples of real-world digital signals.
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT