Labour related to manufacturing of product can be classified under
A. direct manufacturing labour costs
B. indirect manufacturing labour costs
C. work in process cost
D. finished costs
Answer: Option A
Solution(By Examveda Team)
Labour related to manufacturing of product can be classified under direct manufacturing labour costs. The cost of labor is the amount of employee wages and benefits, plus payroll taxes paid by an employer. The cost of labor can be broken into direct and indirect costs.Related Questions on Costing
Basic objective of cost accounting is ________
A. tax compliance.
B. financial audit.
C. cost ascertainment.
D. profit analysis.
Process costing is suitable for ________.
A. hospitals
B. oil refing firms
C. transport firms
D. brick laying firms
The cost which is to be incurred even when a business unit is closed is a _____.
A. imputed cost
B. historical cost
C. sunk cost
D. shutdown cost
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