Costs are classified on the basis of time :

CS Executive · Cost and Management Accounting · PYQS · December 2021
Costs are classified on the basis of time :
(A) Fixed Costs; Variable Costs and Semi-variable Costs
(B) Product Costs and Period Costs
(C) Historical Costs and Pre-determined Costs
(D) Direct Costs and Indirect Costs

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Cost Classification

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