Question

what do you understand by the term cost Nd explain the different elements of cost
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Answer 1

The elements of cost are those elements which constitute the cost of manufacture of a product. ... In a manufacturing organization, we convert raw materials into a finished product with the help of labor and other services. These services are Material, Labour and Expenses.

Answer 2

Answer:

The element of cost are those elements which constitute the cost of manufacturing of a product in a manufacturing organization we convert raw materials into a finished product with the help of labour and other services are material labour and expenses .

Explanation:

I hope it may help you friend .?.,,