In a manufacturing concern which of the following is are the element s of cost ........

Costing - Phase (I & II) Overview of Cost and Management Accounting

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In a manufacturing concern, which of the following is/are the element/(s) of cost:

Material

Labour

Expenses

All of the above

None of the above

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Explanation:

The elements that constitute the cost of manufacture are known as the elements of cost. Such element of cost is divided into three categories. In a manufacturing concern, raw materials are converted into a finished product with the help of labour and other service units. They are Material, Labour and Expenses.