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प्रश्न
Classify cost according to its nature.
थोडक्यात उत्तर
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उत्तर
- Direct Cost: Direct costs are those costs that can be easily, directly, and wholly related to a particular cost unit or cost centre. These consist of direct material costs, direct labour costs, and direct expenses. Materials used in the production of a specific unit, wages paid to workers directly engaged in manufacturing, and excise duty are examples of direct costs.
- Indirect Cost: Indirect costs are those that cannot be identified easily, directly, or wholly with a particular cost unit or cost centre. These comprise indirect materials, indirect labour, and indirect expenses. Fuel, the wages of storekeepers, and rent are examples of indirect costs. Indirect costs are also known as overheads or common costs.
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Classification of Costs
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संबंधित प्रश्न
Describe cost on the basis of behaviour.
Variable cost is a cost that ______.
Total variable cost per unit increases ______.
Which definition best describes indirect costs?
Which of the following best describes a fixed cost?
Direct cost increases when ______.
Distinguish between direct costs and indirect costs.
Fixed cost per unit decreases when ______.
What do you mean by Semi-Fixed cost?
Write short notes on Variable Costs.
