Q146
Expenditure over and above prime cost is known as ________.
A.
overhead
AnswerB.
factory cost
C.
cost of sales
D.
cost of production
Answer: Option A
Solution
Answer: Option A
Solution:
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.