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प्रश्न
Which definition best describes indirect costs?
विकल्प
Indirect costs are those costs which are not controlled directly by a manager.
Indirect costs are those costs which cannot be directly associated with a product or service.
Indirect costs are always fixed.
Indirect costs are always manufacturing overhead cost.
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उत्तर
Indirect costs are those costs which cannot be directly associated with a product or service.
Explanation:
Indirect costs cannot be directly associated with a specific product or service; they are incurred for the organisation as a whole (e.g., rent, supervisory salaries) and are allocated across products rather than charged directly.
संबंधित प्रश्न
Write a short note on direct costs.
Distinguish between Fixed cost and Variable cost.
Overheads are often related to accounting concepts such as fixed cost and ______ cost.
Total variable cost per unit increases ______.
Which cost decreases with increase in the volume of output?
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 of the following best describes a fixed cost?
What is opportunity cost?
Distinguish between controllable and uncontrollable costs.
Distinguish between direct costs and indirect costs.
The term “variable costs” refers to ______.
Fixed cost per unit decreases when ______.
"Some costs are semi-variable in nature." Comment.
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.
Write short notes on Variable Costs.
