Advertisements
Advertisements
Question
Overheads are often related to accounting concepts such as fixed cost and ______ cost.
Options
Direct
Indirect
Primary
Money
Advertisements
Solution
Overheads are often related to accounting concepts such as fixed cost and indirect cost.
Explanation:
Overheads are indirect expenses incurred for the business as a whole and cannot be directly traced to a specific product; they often include fixed items (rent, supervisors’ salaries), so they relate to fixed and indirect costs.
APPEARS IN
RELATED QUESTIONS
The cost remains same at all levels of output is called ______ cost.
Which cost decreases with increase in the volume of output?
Which definition best describes indirect costs?
Which of the following best describes a fixed cost?
Distinguish between controllable and uncontrollable costs.
Amount spent to purchase a machinery is the example of ______ cost.
Variable cost per unit increases when ______.
A cost that is easily traceable to a cost object is known as ______.
What is meant by variable cost?
Classify cost according to its nature.
