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Ques. 1. List elements of the cost and briefly explain Direct Labor and Indirect Labor. Ques 2. What overhead consists of (overhead equation) and briefly

Ques. 1. List elements of the cost and briefly explain Direct Labor and Indirect Labor.

Ques 2. What overhead consists of (overhead equation) and briefly explain Overhand elements in a factory.

Ques 3. Indicate overhead elements in sales and distribution.

Ques 4. Classify the following items into factory, office and administration and selling and distribution overheads:

1. Packing expenses 6. Consumable stores 2. Advertising 7. Cost of normal idle time 3. Audit fees 8. Travelling and entertainment expenses 4. Salary of storekeeper 9. Postage and stamps 5. cost of sample 10. Market research expenses

Ques 5. Classify the cost categorise and sub-categories.

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