- labour costs
- factory overhead costs
- finished costs
- manufacturing costs
Answer: Option 2
Supplies, plant maintenance, plant rent, plant insurance and cleaning labour comes under factory overhead costs. Factory overhead is the costs incurred during the manufacturing process, not including the costs of direct labor and direct materials. Factory overhead is normally aggregated into cost pools and allocated to units produced during the period.
Answer: Option 1 Total costs in the short-term are classified into fixed costs and variable costs. Cost of raw material is a variable cost. Variable costs vary based on the...
1 Answers 1 viewsAnswer: Option 4 Labour which works as forklift truck, plant guards and rework labour is classified as manufacturing overhead. Manufacturing overhead is all indirect costs incurred during the production process....
1 Answers 1 viewsAnswer: Option 3 An approach in which company under-costs it's one product and over-costs at least one product is classified as product-cost cross subsidizing. Product-cost cross-subsidization is the strategy of...
1 Answers 2 viewsAnswer: Option 3 As per IRDA norms, both products are permitted in India. A Unit Linked Insurance Plan (ULIP) is a product offered by insurance companies that, unlike a pure...
1 Answers 1 viewsAnswer: Option 2 A keyman life insurance policy is a policy that a company purchases on a key executive's life. The company is the beneficiary of the plan and pays...
1 Answers 1 viewsAnswer: Option 1 Policy decisions in an insurance organization doesnt mean decisions relating to issue of specific insurance policies. A policy is a deliberate system of principles to guide decisions...
1 Answers 1 viewsAnswer: Option 1 If a person's proposal is declined under individual scheme, he cannot get insured even under the group policy. Hence, only statement A is correct.
1 Answers 1 viewsAnswer: Option 4 Insurance reduces burdens and Insurance is a system of mutual support. Insurance is a means of protection from financial loss. It is a form of risk management,...
1 Answers 3 viewsAnswer: Option 4 All the statements are incorrect. Insurance does not promotes efficient use of existing resources, Insurance does not contribute to healthy economy and national productivity and Insurance policy...
1 Answers 2 viewsAnswer: Option 1 Here material and parts are the form of industrial product.
1 Answers 1 views