Expenditure on labour and materials that cannot be economically identified with a specific saleable cost unit is known as —

CS Executive · Cost and Management Accounting · PYQS · December 2014
Expenditure on labour and materials that cannot be economically identified with a specific saleable cost unit is known as —
(A) Prime cost
(B) Overheads
(C) Direct cost
(D) Abnormal loss.

Answer & Explanation:

Correct Answer: Option (B)

Correct answer: (B) Overheads.

Topics: Cost Classification

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