Advertisements
Advertisements
Question
Which definition best describes indirect costs?
Options
Indirect costs are those costs which are not controlled directly by a manager.
Indirect costs are those costs which cannot be directly associated with a product or service.
Indirect costs are always fixed.
Indirect costs are always manufacturing overhead cost.
Solution
Indirect costs are those costs which cannot be directly associated with a product or service.
RELATED QUESTIONS
Distinguish between Fixed cost and Variable cost.
Describe cost on the basis of behaviour.
Indirect material scrap is adjusted along with ______.
Wages paid to a labour who was engaged in the production activities can be termed as ______.
Which of the following best describes a fixed cost?
Direct cost increases when ______.
Distinguish between controllable and uncontrollable costs.
Distinguish between direct costs and indirect costs.
The term "variable costs" refers to ______.
Fixed cost is a cost which ______.
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?
Give an example of Semi-Fixed cost.
Explain with an example, the meaning of fixed costs.
Explain with an example, the meaning of variable costs.
