what are types of cost? categorise these cost specially
those which are relates to financial managment. and which
cost should be consider during management.
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Answer / parmod kumar
the cost are two type.one is the direct cost and second one
is indirect coct.
direct cost are refer to the which cost,which occur in
purchasing any kind of purchase of raw material.like-
octroy, duty,labour etc.
and indirect cost occur after this. and it is related to
factory overhead.like -wages to worker, rent of factory
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / h.r. sreepada bhagi
Cost is not a narrow concept. From Cost Accounting costs can
be classified as below :
1. From the view point of relating it to operations:
a) Direct Costs
b) Indirect Costs
2. From the view point of period / product (service:
a) Variable Cost (Product Cost)
b) Fixed Cost (Period Cost)
3. From the view point of control-ability:
a) Controllable
b) Non-Controllable
4. From the view point of functions:
a) Production Cost
b) Administration Cost
c) Selling & Distribution Cost.
5. From the view point of procurement (Materials)
a) Purchase Cost
b) Landed Cost
Depending up on the purpose cost can be classified as required.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / renata
Direct costs can be related to a cost utin
Interect costs These costs can not be speciffically traced
to individual cost unit( factory rent, finance costs)
Overheads
Productional overheads may be accounted for as part of cost
of sales( insurance, light)
Non-productional overheads may be accounted for below the
gross profit line.( admin costs, selling costs)
| Is This Answer Correct ? | 3 Yes | 4 No |
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