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All indirect expenses are count under the head of ______. - Commercial Applications

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Question

All indirect expenses are count under the head of ______.

Options

  • Overheads

  • Total cost

  • Revenue

  • None of these

MCQ
Fill in the Blanks

Solution

All indirect expenses are count under the head of overheads.

Explanation:

The term 'overhead' includes indirect material, indirect labour and indirect expenses. In other words, all indirect costs are overheads.

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Elements of Cost
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Chapter 8: Fundamental Concepts of Cost - EXERCISES [Page 133]

APPEARS IN

Goyal Brothers Prakashan Commercial Studies [English] Class 10 ICSE
Chapter 8 Fundamental Concepts of Cost
EXERCISES | Q 21. | Page 133
Goyal Brothers Prakashan Commercial Applications [English] Class 10 ICSE
Chapter 8 Fundamental Concepts of Cost
EXERCISES | Q 16. | Page 137
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