Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Cost Classification 14. ANZB Financial Services Limited is an Indian banking and financial services company headquartered in Chennai, Tamil Nadu. Apart from lending to individuals,

image text in transcribed

Cost Classification 14. ANZB Financial Services Limited is an Indian banking and financial services company headquartered in Chennai, Tamil Nadu. Apart from lending to individuals, the company grants loans to micro, small and medium business enterprises. Listed below are several costs incurred in the loan division of ANZB Financial Services Limited. 0 Remuneration of the loan division manager. (W) Cost of Printer Paper, File Folders, View Binders, Ink, Toner & Ribbons used in the loan division C) Cost of the division's MacBook Pro purchased by the loan division manager last year. (iv) Cost of advertising in business newspaper by the bank, which is allocated to the loan division. Cost Classification Controllable by the loan division Direct cost of the loan Sunk Cost manager division Uncontrollable the loan Indirect Cost of the loan Out of Pocket division manager division Cost Required For each Cost, indicate which of the above mentioned Cost Classification best describe the cost Note- More than one classification may apply to the same cost item

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Survey of Accounting

Authors: Thomas P. Edmonds, Frances M. McNair, Philip R. Olds, Bor Yi

3rd Edition

978-1259683794, 77490835, 1259683796, 9780077490836, 978-0078110856

More Books

Students also viewed these Accounting questions