Caption cook's expedition left him disappointed. Describe his experience.
Answers
Answer:
Factory cost refers to the total cost required to manufacture goods. This concept is the basis for several cost accounting analyses. Factory costs have traditionally been broken down into the following three categories of cost:
Direct materials. This is the cost of those materials directly associated with the production of goods. It can also include the cost of materials destroyed during the setup and testing of production equipment, as well as a normal amount of scrap.
Direct labor. This is the cost of labor directly associated with the production of goods. This category of cost has been called into question, since most production labor is actually needed to provide a minimal level of staffing to the production area, and so should really be considered an overhead cost. Only in cases where labor costs can be specifically associated with a particular unit of production should costs be considered direct labor. For example, if a production worker is paid a piece-rate wage for each unit manufactured, this can be considered a direct labor cost.
Manufacturing overhead. This category is comprised of all the costs incurred that are needed to run a factory, but which are not associated with a specific unit of inventory. Manufacturing overhead can include, but is not limited to, the following costs:
Equipment depreciation
Equipment maintenance
Factory rent
Factory utilities
Materials handling staff wages
Production supplies
Quality assurance staff wages
Supervisor salaries
Manufacturing overhead is typically assigned to individual units of production, based on a rational and consistently-applied allocation methodology. Direct materials and direct labor costs are also assigned to individual units. Thus, all factory costs are assigned to units of production. As such, these costs are recorded as part of the inventory asset. Once the units are sold, the associated factory cost is charged to expense through the cost of goods sold account.
The "factory cost" term is sometimes applied only to manufacturing overhead costs, without consideration to the costs of direct materials or direct labor. If so, the "factory cost" term is essentially the same as factory overhead.
Answer:
Explanation:
CAPTAIN COOK'S life, or the account of so much of it as is recoverable, has been so often recounted that there is no occasion to insert more in this publication than is necessary as a reference to the reader, to enable him to realise the career and character of the man.
Cook's first biographer, Andrew Kippis, wrote in 1788, and his work has recently been republished. [1]
The latest and best life is by Walter Besant,[2] whose graceful pen has given us a fascinating, interesting, and, as far as is possible, complete picture of this great Englishman. Many details of Cook's private life are lost, but enough has been collected by Mr. Besant to place our hero vividly before us, and a perusal of his work is strongly recommended.
Many things in the following sketch are taken from Mr. Besant, to whom I wish to tender my acknowledgments.
HOPE IT HEPLS