Adam Hill

author
Adam Hill started accounting and trading back in 2007. He has achieved quite a lot of success. Now he decided to open his blog. Here he publishes articles on accounting. For any questions of interest, please contact us by e-mail: admin-hill@online-accounting.net
direct income vs indirect income with examples?
The direct and the indirect method for the statement of cash flows
Direct materials cost

Direct materials cost

Accountants typically use standard costing to estimate the value of direct materials, direct labor and manufacturing overhead in work-in-progress inventory. Direct materials are typically referred to as a cost instead of an actual good or piece of in...
Material variance

Material variance

To compute the direct materials price variance, subtract the actual cost of direct materials ($297,000) from the actual quantity of direct materials at standard price ($310,500). This difference comes to a $13,500 favorable variance, meaning that the...
Departments to manage the purchasing

Departments to manage the purchasing

For instance,just-in-timeinventory systems can reduce inventory costs because only the inventory needed for production is ordered and produced. Direct materials are those that are used directly in the production process and are reflected in the final...