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FUNDAMENTAL CONCEPTS OF COST — Commercial Studies STD 10 — Question

ICSE BoardEnglish MediumSTD 10Commercial StudiesFUNDAMENTAL CONCEPTS OF COST1 Mark
MCQ
Which definition best describes indirect costs?
  • A
    Indirect costs are those costs which are not controlled directly by a manager.
  • ✓
    Indirect costs are those costs which cannot be directly associated with a product or service.
  • C
    Indirect costs are always fixed
  • D
    Indirect costs are always manufacturing overhead cost
✓

Answer

Correct option: B.
Indirect costs are those costs which cannot be directly associated with a product or service.
B

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