Cost, which is related to specific cost object and economically traceable, will be classified as
A). direct cost
B). indirect cost
C). line cost
D). staff cost
Wages paid to workers of factory are termed as
A). workers premium
B). overtime premium
C). factory premium
D). wage premium
In income statement of merchandising costs, period cost includes all costs which are not related to
A). cost of resale goods
B). cost of manufacturing goods
C). timed resale of goods
D). cost of purchased goods
An overtime is considered in cost accounting as
A). indirect costs
B). overhead costs
C). premium costs
D). both a and b
For companies in service sector, cost which is not considerable is
A). Inventoriable costs
B). finished costs
C). factory overhead costs
D). manufacturing overhead costs