what is meaning labour cost, material cost, net profit and overhead? give 100 words
Answers
Answered by
0
Labour cost means the amount spent on labour for a specific work.
Material cost means the amount spent on materials required for a specific work.
Net profit means the total profit on a transaction.
Overhead charges are included in the cost price. Some overhead charges are transportation, repairing, etc.
Material cost means the amount spent on materials required for a specific work.
Net profit means the total profit on a transaction.
Overhead charges are included in the cost price. Some overhead charges are transportation, repairing, etc.
Similar questions