B Com Exam  >  B Com Questions  >  According to the cost classification by degre... Start Learning for Free
According to the cost classification by degree of traceability to the product, costs are divided into direct costs and indirect costs. What are direct costs?
  • a)
    Costs incurred for the benefit of a number of cost centers or cost units
  • b)
    Costs incurred for a particular product and can be identified with a particular cost center or cost unit
  • c)
    Costs that remain fixed in total amount with changes in the level of activity or volume of production
  • d)
    Costs that vary in direct proportion to the volume of output
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
According to the cost classification by degree of traceability to the ...
Direct costs, according to the cost classification by degree of traceability to the product, are costs incurred for a particular product and can be identified with a particular cost center or cost unit. Examples of direct costs include the cost of materials used in the production of a specific product and the labor cost specifically assigned to the production of that product.
Explore Courses for B Com exam
According to the cost classification by degree of traceability to the product, costs are divided into direct costs and indirect costs. What are direct costs?a)Costs incurred for the benefit of a number of cost centers or cost unitsb)Costs incurred for a particular product and can be identified with a particular cost center or cost unitc)Costs that remain fixed in total amount with changes in the level of activity or volume of productiond)Costs that vary in direct proportion to the volume of outputCorrect answer is option 'B'. Can you explain this answer?
Question Description
According to the cost classification by degree of traceability to the product, costs are divided into direct costs and indirect costs. What are direct costs?a)Costs incurred for the benefit of a number of cost centers or cost unitsb)Costs incurred for a particular product and can be identified with a particular cost center or cost unitc)Costs that remain fixed in total amount with changes in the level of activity or volume of productiond)Costs that vary in direct proportion to the volume of outputCorrect answer is option 'B'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about According to the cost classification by degree of traceability to the product, costs are divided into direct costs and indirect costs. What are direct costs?a)Costs incurred for the benefit of a number of cost centers or cost unitsb)Costs incurred for a particular product and can be identified with a particular cost center or cost unitc)Costs that remain fixed in total amount with changes in the level of activity or volume of productiond)Costs that vary in direct proportion to the volume of outputCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for According to the cost classification by degree of traceability to the product, costs are divided into direct costs and indirect costs. What are direct costs?a)Costs incurred for the benefit of a number of cost centers or cost unitsb)Costs incurred for a particular product and can be identified with a particular cost center or cost unitc)Costs that remain fixed in total amount with changes in the level of activity or volume of productiond)Costs that vary in direct proportion to the volume of outputCorrect answer is option 'B'. Can you explain this answer?.
Solutions for According to the cost classification by degree of traceability to the product, costs are divided into direct costs and indirect costs. What are direct costs?a)Costs incurred for the benefit of a number of cost centers or cost unitsb)Costs incurred for a particular product and can be identified with a particular cost center or cost unitc)Costs that remain fixed in total amount with changes in the level of activity or volume of productiond)Costs that vary in direct proportion to the volume of outputCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for B Com. Download more important topics, notes, lectures and mock test series for B Com Exam by signing up for free.
Here you can find the meaning of According to the cost classification by degree of traceability to the product, costs are divided into direct costs and indirect costs. What are direct costs?a)Costs incurred for the benefit of a number of cost centers or cost unitsb)Costs incurred for a particular product and can be identified with a particular cost center or cost unitc)Costs that remain fixed in total amount with changes in the level of activity or volume of productiond)Costs that vary in direct proportion to the volume of outputCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of According to the cost classification by degree of traceability to the product, costs are divided into direct costs and indirect costs. What are direct costs?a)Costs incurred for the benefit of a number of cost centers or cost unitsb)Costs incurred for a particular product and can be identified with a particular cost center or cost unitc)Costs that remain fixed in total amount with changes in the level of activity or volume of productiond)Costs that vary in direct proportion to the volume of outputCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for According to the cost classification by degree of traceability to the product, costs are divided into direct costs and indirect costs. What are direct costs?a)Costs incurred for the benefit of a number of cost centers or cost unitsb)Costs incurred for a particular product and can be identified with a particular cost center or cost unitc)Costs that remain fixed in total amount with changes in the level of activity or volume of productiond)Costs that vary in direct proportion to the volume of outputCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of According to the cost classification by degree of traceability to the product, costs are divided into direct costs and indirect costs. What are direct costs?a)Costs incurred for the benefit of a number of cost centers or cost unitsb)Costs incurred for a particular product and can be identified with a particular cost center or cost unitc)Costs that remain fixed in total amount with changes in the level of activity or volume of productiond)Costs that vary in direct proportion to the volume of outputCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice According to the cost classification by degree of traceability to the product, costs are divided into direct costs and indirect costs. What are direct costs?a)Costs incurred for the benefit of a number of cost centers or cost unitsb)Costs incurred for a particular product and can be identified with a particular cost center or cost unitc)Costs that remain fixed in total amount with changes in the level of activity or volume of productiond)Costs that vary in direct proportion to the volume of outputCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice B Com tests.
Explore Courses for B Com exam
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev