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प्रश्न
Which definition best describes indirect costs?
पर्याय
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.
Total variable cost per unit increases ______.
The cost remains same at all levels of output is called ______ cost.
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.
Wages paid to a labour who was engaged in the production activities can be termed as ______.
Direct cost increases when ______.
What is opportunity cost?
Explain the following:
Sunk cost
Distinguish between direct costs and indirect costs.
Distinguish between shut down cost and sunk cost.
Distinguish between Direct Labour cost and Indirect Labour cost.
Give an example of opportunity cost.
The term “variable costs” refers to ______.
Variable cost per unit increases when ______.
A cost that is easily traceable to a cost object is known as ______.
Explain with an example the meaning of fixed costs.
