Advertisements
Advertisements
Question
Costs incurred other than on material and labour for production and distribution are called ______.
Options
Labour cost
Material cost
Expense
Variable cost
Advertisements
Solution
Costs incurred other than on material and labour for production and distribution are called Expense.
Explanation:
Expenses encompass a variety of costs, including utilities, rent, marketing, and administrative expenses that are not directly related to the production of goods or services.
RELATED QUESTIONS
Write a short note on indirect labour cost.
Name and give examples of any two types of Overheads.
A typical factory overhead cost is ______.
Which of the following is overhead cost?
All indirect expenses are count under the head of ______.
What consist of indirect material, indirect labour, and indirect expenses?
In element-wise classification of overheads, which one of the following is not included in?
What is indirect labor cost?
What are indirect expenses?
What do you mean by office and administrative overhead?
