Cost classification can be done in ________.

A. two ways

B. three ways

C. four ways

D. several ways

Answer: Option D

Solution(By Examveda Team)

Cost classification can be done in several ways. Cost classification in economics might involve categories of fixed, variable, opportunity, production and sunk costs. On the other hand, accounting costs can be classified as either direct or indirect for a business.

This Question Belongs to Commerce >> Costing

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Comments ( 1 )

  1. Divya Kabra
    Divya Kabra :
    6 years ago

    Basically there are 6 ways i.e
    On the basis of:
    1. element
    2. method
    3. variability
    6. time

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