Question

Explain and illustrate the various elements of cost​

Answer 1

Answer:

ans

Explanation:

A cost is composed of three elements – Material, Labour and Expenses. Each of these three elements can be direct and indirect, i.e., direct materials and indirect materials, direct labour and indirect labour, direct expenses and indirect expenses

Answer 2

Answer:

Material, Labour and Expenses.

Explanation:

A cost is composed of three elements –

Material,

Labour

Expenses.

Each of these three elements can be direct and indirect, i.e., direct materials and indirect materials, direct labour and indirect labour, direct expenses and indirect expenses