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question

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › question

  • This topic has 1 reply, 2 voices, and was last updated 9 years ago by AvatarJohn Moffat.
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  • November 3, 2016 at 12:38 pm #347203
    Avatarryan32
    Member
    • Topics: 35
    • Replies: 64
    • ☆☆

    can we say direct material cost, direct labor cost, indirect cost these are all datas and its easily available on database, while prime cost or production cost these are informations as it comes thru processing those datas and also more meaningful to the managers.

    November 3, 2016 at 5:13 pm #347252
    AvatarJohn Moffat
    Keymaster
    • Topics: 57
    • Replies: 54839
    • ☆☆☆☆☆

    Possibly – but there is no strict rule about what turns data into information.
    Simply adding up the costs to get the total cost is not really turning it into information.

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