Question

hey

money cost??

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Answer 1

Answer:

heya..

money cost is the money spent by a firm in the process of production of it's outpit is money cost

I hope it's help uh

Answer 2

Money cost is also known as the nominal cost. It is nothing but the expenses incurred by a firm to produce a commodity. For instance, the cost of producing 200 chairs is Rs. 10000, and then it will be called the money cost of producing 200 chairs.

Therefore, money costs include the following expenses:

(i) Depreciation and obsolescence charges.

(ii) Power fuel charges.

(iii) Wages and salaries.

(iv) Cost of machinery, raw material etc.

(v) Expenses on advertising and publicity,

(vi) Interest on capital.

(vii) Expenses on electricity.

(viii) Insurance charges.

(ix) Transport costs.

(x) Packing charges.

(xi) All types of taxes viz; property tax, license fees, excise duty.

(xii) Rent on land.