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Question
On the Basis of nature cost can be classified into ______.
Options
Direct and Indirect costs
Direct, Variable and Indirect costs
Variable, Fixed and Semi-variable costs
Variable, Indirect and Semi-variable costs
MCQ
Fill in the Blanks
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Solution
On the Basis of nature cost can be classified into Direct and Indirect costs.
Explanation:
On the basis of nature, costs are classified as traceable: direct costs can be specifically attributed to a product or job, whereas indirect costs cannot be and are treated as overheads.
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