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Question
Overhead is actually the total of ______.
Options
Indirect materials
Indirect expenses
Indirect labour
All of these
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Solution
Overhead is actually the total of Indirect materials, Indirect expenses and Indirect labour.
Explanation:
The term ‘overhead’ includes indirect material, indirect labour and indirect expenses. In other words, all indirect costs are overheads.
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RELATED QUESTIONS
Write a short note on direct labour cost.
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An example of a production overhead would be ______.
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