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प्रश्न
Classify cost according to its nature.
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उत्तर
- Direct Cost: Direct costs are those costs that can be easily, directly, and wholly related to a particular cost unit or cost centre. These consist of direct material costs, direct labour costs, and direct expenses. Materials used in the production of a specific unit, wages paid to workers directly engaged in manufacturing, and excise duty are examples of direct costs.
- Indirect Cost: Indirect costs are those that cannot be identified easily, directly, or wholly with a particular cost unit or cost centre. These comprise indirect materials, indirect labour, and indirect expenses. Fuel, the wages of storekeepers, and rent are examples of indirect costs. Indirect costs are also known as overheads or common costs.
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संबंधित प्रश्न
Variable cost is a cost that ______.
It refers to the expenses incurred on those items which are not directly chargeable to production. Salaries of timekeeper, foremen and watchmen are examples of this cost. This cost is incurred for the concern as a whole rather than a particular product.
Wages paid to a labour who was engaged in the production activities can be termed as ______.
Which of the following best describes a fixed cost?
Fixed cost is a cost which remains same at ______.
Direct cost increases when ______.
Amount spent to purchase a machinery is the example of ______ cost.
Variable cost per unit increases when ______.
A cost that is easily traceable to a cost object is known as ______.
Explain with an example the meaning of fixed costs.
