Classify items of cost and justify the same


0
52 comments

Classify the following items of cost and justify the same: [April – 04]
(a) Indirect wages (b) Carriage outward
(c) Depreciation of delivery vans. (d) Raw material purchased.
(e) Foreman’s wages. (f) Director’s fees.
(g) Free samples. (h) Heat light and power.
(i) Consumable stores. (j) Direct expenses.

Advertisement

 

Soln:
Cost – Traceability – Functional – Behavioural
(a) Indirect wages – Indirect Cost –  Factory cost – Fixed Cost
(b) Carriage outwards – Indirect Cost – Selling and Distribution Cost – Fixed Cost
(c) Depreciation of delivery Vans – Indirect Cost –  Selling and Distribution Cost – Fixed Cost
(d) Raw-Material Purchased Direct Cost Factory Cost Variable Cost
(e) Foreman’s Wages Indirect Cost Factory Cost Fixed Cost
(f) Director’s Fees Indirect Cost Administration Cost Fixed Cost
(g) Free Samples Indirect Cost Selling and Distribution Cost Fixed Cost
(h) Heat light and Power Indirect Cost Factory Cost Semi-Variable Cost
(i) Consumable Stores Indirect Cost Factory Cost Fixed Cost
(j) Direct Expenses Direct Cost Factory Cost Variable Cost

Advertisement
The following two tabs change content below.
MT UVA- University, Vocational and Affiliated Education for BMS

Like it? Share with your friends!

0
52 comments
MT UVA BMS

MT UVA- University, Vocational and Affiliated Education for BMS

52 Comments

Ask Us On WhatsApp
Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format