Multiple Choice Questions on Expenditure over and above prime cost is known as ........ for SEBI Grade A ( Officer) Exam Preparation

Lean System and Innovation

Costing - Phase (I & II)

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Indian Economy - Understanding the basics of Indian economic system

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Study Notes

    Expenditure over and above prime cost is known as ________.

    overhead

    Correct Answer

    factory cost

    Incorrect Answer

    cost of sales

    Incorrect Answer

    cost of production

    Incorrect Answer
    Explanation:

    Expenditure over and above prime cost is known as overhead. Overhead is those costs required to run a business, but which cannot be directly attributed to any specific business activity, product, or service.


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