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Question
Costs incurred other than on material and labour for production and distribution are called ______.
Options
Labour cost
Material cost
Expense
Variable cost
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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.
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Overhead is actually the total of ______.
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Cost of sugarcane in making sugar is an example of ______.
In element-wise classification of overheads, which one of the following is not included in?
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Explain the following:
Material Cost
