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Question
Wages paid to a labour who was engaged in the production activities can be termed as ______.
Options
Direct cost
Indirect cost
Sunk cost
Implicit cost
Solution
Wages paid to a labour who was engaged in the production activities can be termed as direct costs.
Explanation:
Wages paid to labour engaged in production activities are referred to as direct costs. A direct cost is a price entirely related to the production of certain goods or services.
RELATED QUESTIONS
Write a short note on Direct costs.
Indirect material scrap is adjusted along with ______.
Variable cost is a cost that ______.
Which cost decreases with increase in the volume of output?
Which of the following best describes a fixed cost?
Fixed cost is a cost which remains same at ______.
Direct cost increases when ______.
Distinguish between Direct Labour cost and Indirect Labour cost.
Give an example of opportunity cost.
Fixed cost is a cost which ______.
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?
Give an example of Semi-Fixed cost.
Classify cost according to its nature.
Explain with an example, the meaning of variable costs.
Write short notes on Variable Costs.
