English

On the Basis of nature cost can be classified into ______.

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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
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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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Chapter 8: Fundamental Concepts of Cost - EXERCISES [Page 151]

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Goyal Brothers Prakashan Commercial Studies [English] Class 10 ICSE
Chapter 8 Fundamental Concepts of Cost
EXERCISES | Q 38. | Page 151
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