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प्रश्न
Distinguish between direct costs and indirect costs.
Give difference between direct cost and indirect cost.
Write differences between:
Direct Cost and Indirect Cost
Write any two differences between direct cost and indirect cost.
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उत्तर
| Basis of Comparison | Direct Cost | Indirect Cost |
| Meaning: | The costs which are directly attributable to a particular cost unit or cost centre. | The costs which are not directly attributable to a particular cost unit or cost centre. |
| Benefits: | Specific projects | Multiple projects |
| Aggregate: | When all the direct costs are taken together they are known as prime costs. | Total of all the indirect costs is called as overheads or on cost. |
| Traceable: | Yes | No |
| Classification: | Direct material, direct labour, direct expenses. | Indirect material, indirect labour indirect expenses. |
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संबंधित प्रश्न
Write a short note on direct costs.
Describe cost on the basis of behaviour.
Indirect material scrap is adjusted along with ______.
Overheads are often related to accounting concepts such as fixed cost and ______ cost.
Variable cost is a cost that ______.
The cost remains same at all levels of output is called ______ cost.
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.
Which definition best describes indirect costs?
Wages paid to a labour who was engaged in the production activities can be termed as ______.
Direct cost increases when ______.
Explain the following:
Sunk cost
Distinguish between shut down cost and sunk cost.
Distinguish between Direct Labour cost and Indirect Labour cost.
Give an example of opportunity cost.
Fixed cost is a cost which ______.
Fixed cost per unit decreases when ______.
"Some costs are semi-variable in nature." Comment.
What is meant by variable cost?
Classify cost according to its nature.
Write short notes on Variable Costs.
