Question

Which of the following expenses is not distributed based on time

Answer 1

Explanation:

Overhead costs are also denoted by 'supplementary costs' 'non-productive costs', 'indirect costs', 'on cost', 'burden' etc. Of all the terms, 'overhead' is the most common and the Institute of Cost and Management Accountants, London, does not recommend the use of the terms 'on cost' and 'burden'.

Answer 2

Answer:

The overhead costs are incurred not for any particular job, work-order, process or unit but for the business as a whole and include all costs other than direct material costs, direct wages and direct expense.

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