{"id":2366,"date":"2018-02-20T23:50:30","date_gmt":"2018-02-20T23:50:30","guid":{"rendered":"http:\/\/essaysparlor.com\/why-are-direct-and-indirect-costs-important-to-managementwhat-is-break-even-analysis-and-why-is-it-an-important-element-in-the-discussion-of-operating-leverage-in-your-response-include-a-discussio\/"},"modified":"2017-02-20T18:14:23","modified_gmt":"2017-02-20T18:14:23","slug":"why-are-direct-and-indirect-costs-important-to-managementwhat-is-break-even-analysis-and-why-is-it-an-important-element-in-the-discussion-of-operating-leverage-in-your-response-include-a-discussio","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/why-are-direct-and-indirect-costs-important-to-managementwhat-is-break-even-analysis-and-why-is-it-an-important-element-in-the-discussion-of-operating-leverage-in-your-response-include-a-discussio\/","title":{"rendered":"Why are direct and indirect costs important to management?\/What is break-even analysis and why is it an important element in the discussion of operating leverage?  In your response include a discussion on the break-even point.\/Compare fixed and variable costs and explain the significance of the difference in making financial decisions.  What does contribution margin (CM) mean?"},"content":{"rendered":"<p>\nQuestion 1<br \/>\nDefine direct costs.<br \/>\nDefine Indirect costs<br \/>\nWhy are direct and indirect costs important to management?<br \/>\nWould you describe your current job today as a direct cost or a indirect cost?  Why?  <br \/>\nCategorize the following as direct or indirect:             <br \/>\n                 a.  Managed care marketing expense<br \/>\n                 b.  Real estate taxes<br \/>\n                 c.  Liability insurance<br \/>\n                 d.  Clinic telephone expense<br \/>\n                 e.  Utilities (for the entire facility)<br \/>\n                 f.  Emergency room medical supplies<\/p>\n<p>Question 2<\/p>\n<p>What is break-even analysis and why is it an important element in the discussion of operating leverage?  In your response include a discussion on the break-even point.<\/p>\n<p>Compare fixed and variable costs and explain the significance of the difference in making financial decisions.  What does contribution margin (CM) mean?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Question 1 Define direct costs. Define Indirect costs Why are direct and indirect costs important to management? Would you describe your current job today as a direct cost or a indirect cost? Why? Categorize the following as direct or indirect: <a href=\"https:\/\/www.benedictsol.com\/blogs\/why-are-direct-and-indirect-costs-important-to-managementwhat-is-break-even-analysis-and-why-is-it-an-important-element-in-the-discussion-of-operating-leverage-in-your-response-include-a-discussio\/\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-2366","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/2366","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=2366"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/2366\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=2366"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=2366"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=2366"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}