Overhead cost is the total of ________.
A. all indirect costs
B. all direct costs
C. indirect and direct costs
D. all specific costs
Answer: Option A
Solution(By Examveda Team)
Overhead cost is the total of all indirect costs. Overhead costs refer to those expenses associated with running a business that can't be linked to creating or producing a product or service.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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