Question

(D) Contract costing
6. The total of all direct expenses is known as
(A) Total cost
(B) Overhead
(C) Prime cost
(D) Work cost
7. An opportunity cost is a
(A) Direct expense
(B) Indirect expense​

Answer 1

Answer:

● The total of all direct expenses is known as Prime cost.

● An opportunity cost is an Indirect cost.

Answer 2

Answer:

The total of all direct expenses is known as Prime cost.

An opportunity cost is a Indirect cost