CA Foundation Exam > CA Foundation Questions > Direct costs are also known as _______.a)Trac...
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Direct costs are also known as _______.
- a)Traceable costs
- b)Indirect costs
- c)Opportunity costs
- d)Real costs.
Correct answer is option 'A'. Can you explain this answer?
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Most Upvoted Answer
Direct costs are also known as _______.a)Traceable costsb)Indirect cos...
Explanation:
Direct costs are the expenses that are directly attributable to a product, service, or project. These costs can be traced back to a specific item and are necessary for its production or completion. Direct costs are also known as traceable costs. They are easy to identify and calculate because they are directly related to the production of a specific item.
Examples of Direct Costs:
1. Raw materials
2. Labor costs
3. Manufacturing equipment
4. Shipping costs
5. Sales commissions
6. Packaging costs
7. Advertising and promotion costs
8. Direct labor costs
9. Direct material costs
10. Direct expenses
Importance of Direct Costs:
Direct costs are important for calculating the total cost of production or completing a project. By tracking direct costs, a company can determine the cost of each item produced or project completed. This information is important for setting prices, determining profitability, and making decisions about future production.
Conclusion:
Direct costs are the expenses that are directly attributable to a product, service, or project. They are also known as traceable costs. These costs are important for calculating the total cost of production or completing a project and are necessary for determining profitability and making decisions about future production.
Direct costs are the expenses that are directly attributable to a product, service, or project. These costs can be traced back to a specific item and are necessary for its production or completion. Direct costs are also known as traceable costs. They are easy to identify and calculate because they are directly related to the production of a specific item.
Examples of Direct Costs:
1. Raw materials
2. Labor costs
3. Manufacturing equipment
4. Shipping costs
5. Sales commissions
6. Packaging costs
7. Advertising and promotion costs
8. Direct labor costs
9. Direct material costs
10. Direct expenses
Importance of Direct Costs:
Direct costs are important for calculating the total cost of production or completing a project. By tracking direct costs, a company can determine the cost of each item produced or project completed. This information is important for setting prices, determining profitability, and making decisions about future production.
Conclusion:
Direct costs are the expenses that are directly attributable to a product, service, or project. They are also known as traceable costs. These costs are important for calculating the total cost of production or completing a project and are necessary for determining profitability and making decisions about future production.
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Direct costs are also known as _______.a)Traceable costsb)Indirect cos...
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Direct costs are also known as _______.a)Traceable costsb)Indirect costsc)Opportunity costsd)Real costs.Correct answer is option 'A'. Can you explain this answer?
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