Direct vs. Indirect Costs

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This video defines direct and indirect costs and provides an example to illustrate the difference between direct and indirect costs.-
Edspira is the creation of Michael McLaughlin, an award-winning professor who went from teenage homelessness to a PhD. Edspira’s mission is to make a high-quality business education freely available to the world.
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Опубликовано:

3 сен 2014

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Комментарии : 39

@phillipn.8320 4 года назад

Something about this delivery style with the black board and the different vibrant color pens is really working for me! So much easier to absorb than someone standing in front of a camera talking.

@iriscprice 8 лет назад

Simple and clear. Best explanation I have found on the internet. Thank you for this.

@Edspira 8 лет назад

+Iris Price Thank you for the kind words!

@armanikayden3337 2 года назад

i dont mean to be so off topic but does any of you know a tool to get back into an Instagram account..? I was stupid lost my account password. I would appreciate any tricks you can give me

@cynthiamartin5402 8 лет назад

Love this, simplified at its best!

@ThatWeirdGuyFromWork Год назад

Just started my MBA coursework, this is profoundly useful.

@Edspira Год назад

Best of luck!

@davidbanks636 9 лет назад

This is a great video with an awesome example. Thank-you!

@OatmealButter 7 лет назад

I like this explanation a lot. Good work, and thank you for breaking this down in layman's terms.

@alexsilin1349 5 лет назад

The best explanation that I have ever seen.

@cheesybuckets2622 7 лет назад

Nice man, very clear and cohesive

@T.K.Do-Jeddah 9 лет назад

fabulous & clear !!

@masonzhao2198 5 лет назад

Keep up the good work totally love it

@yakinientertainment6197 Год назад

Awesome explanation before i see your video i was confuse but now i clearly understand thanks

@billclark5055 4 года назад

You teach this better than professors

@jessicasimon6648 7 лет назад

I LOVE THIS CHANNEL SO MUCH. GOD BLESS YOU. IM DOING MY CPA COURSE NOW AND YOU EXPLAINED SO MUCH OF THIS STUFF SO WELL TO ME. I HOPE YOU CONTINUE TO MAKE THESE VIDEOS. SO JUST KNOW THAT ALL THESE VIDEOS ARE NOT FUTILE AND THEY'RE SO VERY VERY HELPFUL.

@syedwaqar9631 6 лет назад

Jessica Simon hello

@HattieMcDanielonaMoon Год назад

@@syedwaqar9631 Hello

@boyanvelikov3491 8 лет назад

brilliant!

@stardust_02 9 месяцев назад

You actually taught me accounting!

@rickydolphin 8 месяцев назад

Great job sir

@alifrahman00 Год назад

good ass explanation, respects!

@MyFinancialFocus 2 года назад

Economies of scale!

@erjimsnobe2219 4 года назад

Thanks for your videos, they are quite easy to understand. Btw, you sound like Seth Rogen.

@mrkittylovesyou 9 лет назад

Great video!! Thanks!!

@Edspira 9 лет назад

Thank you for the kind words!

@Tabyourfingers 8 лет назад

Can anyone explain how does cost pool comes in between cost and cost object? Does this mean the cost has to be traceable from cost to cost pool to cost object?

@ambitoiusheart 6 лет назад

You are awesome. I like ur way of explanation. Please add more videos

@Edspira 6 лет назад

Palm Trees, I currently have 80 videos on managerial accounting on my website: edspira.com/courses/managerial-accounting I'm trying to constantly add more videos. Thanks for watching!

@chrisweber759 6 лет назад

I'm still confused. In the last video we said a cost object is anything that can be assigned a cost. Then we said that an indirect cost cannot be traced to a cost object. Maybe the facotry manager can't be assigned to product 1 or 2, but can't it still be tracable to some other type of cost object?

@Edspira 6 лет назад

You raise a good point. The cost of a factory manager's salary cannot be traced to any specific product, and thus is as an indirect cost of a product. However, if you are thinking of the factory as a whole as the cost object (or the company as whole) then the factory manager's salary would be clearly traceable to the cost object. The general distinction to keep in mind is that a direct cost is traceable (to the cost object in question, which is often a product) and an indirect cost is not traceable (and thus needs to be allocated).