Accountancy, asked by vinithavinitha, 7 months ago

What are the various elements of cost? 5 mark question

Answers

Answered by rakshitawalake

3

Answer:

Elements of Cost

Direct Material. It represents the raw material or goods necessary to produce or manufacture a product. ...

Indirect Material. It refers to the material which we require to produce a product but is not directly identifiable. ...

Direct Labour. ...

Indirect Labour. ...

Direct Expenses. ...

Indirect Expenses. ...

Overhead. ...

Factory Overhead.

Answered by Anonymous

17

ANSWER

Elements of Cost

Direct Material. It represents the raw material or goods necessary to produce or manufacture a product. ...

Indirect Material. It refers to the material which we require to produce a product but is not directly identifiable. ...

Direct Labour. ...

Indirect Labour. ...

Direct Expenses. ...

Indirect Expenses. ...

Overhead. ...

Factory Overhead.

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