Advertisements
Advertisements
प्रश्न
Classify cost according to its nature.
थोडक्यात उत्तर
उत्तर
- Direct Cost: Direct costs are those costs that can be easily, directly, and wholly related to a particular cost unit or cost centre. These consist of direct material costs, direct labour costs, and direct expenses. Materials used in the production of a specific unit, wages paid to workers directly engaged in manufacturing, and excise duty are examples of direct costs.
- Indirect Cost: Indirect costs are those that cannot be identified easily, directly, or wholly with a particular cost unit or cost centre. These comprise indirect materials, indirect labour, and indirect expenses. Fuel, the wages of storekeepers, and rent are examples of indirect costs. Indirect costs are also known as overheads or common costs.
shaalaa.com
Classification of Costs
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
APPEARS IN
संबंधित प्रश्न
Write a short note on Direct costs.
Which cost decreases with increase in the volume of output?
It refers to the expenses incurred on those items which are not directly chargeable to production. Salaries of timekeeper, foremen and watchmen are examples of this cost. This cost is incurred for the concern as a whole rather than a particular product.
Direct cost increases when ______.
What is opportunity cost?
Give an example of opportunity cost.
Fixed cost is a cost which ______.
A cost that is easily traceable to a cost object is known as ______.
"Some costs are semi-variable in nature." Comment.
Write short notes on Variable Costs.
