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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
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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.
Distinguish between Fixed cost and Variable cost.
A firm has to pay a fixed rent of ₹ 500 for the postpaid mobile bill and further pay extra charges for the calls made in a month. Identify the type of cost mentioned here.
Describe cost on the basis of behaviour.
Overheads are often related to accounting concepts such as fixed cost and ______ cost.
Variable cost is a cost that ______.
Total variable cost per unit increases ______.
Which definition best describes indirect costs?
Wages paid to a labour who was engaged in the production activities can be termed as ______.
Distinguish between shut down cost and sunk cost.
Give an example of opportunity cost.
A cost that is easily traceable to a cost object is known as ______.
"Some costs are semi-variable in nature." Comment.
What is meant by variable cost?
What do you mean by Semi-Fixed cost?
Give an example of Semi-Fixed cost.
Classify cost according to its nature.
Explain with an example, the meaning of fixed costs.
Explain with an example, the meaning of variable costs.
