Advertisements
Advertisements
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.
Advertisements
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. |
APPEARS IN
संबंधित प्रश्न
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.
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 ______.
Direct cost increases when ______.
Give an example of opportunity cost.
The term “variable costs” refers to ______.
Fixed cost is a cost which ______.
Variable cost per unit increases when ______.
A cost that is easily traceable to a cost object is known as ______.
What is meant by variable cost?
Give an example of Semi-Fixed cost.
Classify cost according to its nature.
Write short notes on Variable Costs.
