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प्रश्न
A cost that is easily traceable to a cost object is known as ______.
पर्याय
Direct cost
Indirect cost
Variable cost
Fixed cost
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उत्तर
A cost that is easily traceable to a cost object is known as direct cost.
Explanation:
Direct costs have a clear cause-and-effect relationship with a single cost object, so accountants can track them without employing split ratios. Raw materials or dedicated worker salary, for example, are direct expenses because their exact consumption can be measured directly on the final product.
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संबंधित प्रश्न
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.
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.
Explain the following:
Sunk cost
Distinguish between direct costs and indirect costs.
Distinguish between shut down cost and sunk cost.
Fixed cost is a cost which ______.
Amount spent to purchase a machinery is the example of ______ cost.
What do you mean by Semi-Fixed cost?
Explain with an example the meaning of fixed costs.
Explain with an example the meaning of variable costs.
