Overhead can be classified according to function-wise as ________.
A. fixed o/h, variable o/h and semi-variable o/h
B. controllable o/h and uncontrollable o/h
C. manufacturing o/h, administration o/h and selling & distribution o/h
D. past cost and future cost
Answer: Option C
Solution(By Examveda Team)
Overhead can be classified according to function-wise as manufacturing o/h, administration o/h and selling & distribution o/h.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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