Which of following is an example of purchasing costs?
A. incoming freight
B. storage costs
C. insurance
D. spoilage
Answer: Option C
Solution(By Examveda Team)
Insurance is an example of purchasing costs. It is important when you decide to buy a home that you have a full understanding of the costs associated with your purchase.Join The Discussion
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Related Questions on Costing
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A. tax compliance.
B. financial audit.
C. cost ascertainment.
D. profit analysis.
Process costing is suitable for ________.
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B. oil refing firms
C. transport firms
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The cost which is to be incurred even when a business unit is closed is a _____.
A. imputed cost
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Incoming freight was the most appropriate answer in my opinion. Is it?