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Commerce · Q22

Costing

Graduate and Post Graduate · Commerce · question 22

Q22

Labour cost is the second element of ________.

A.
cost
Answer
B.
profit
C.
sales
D.
task

Answer: Option A

Solution

Answer: Option A
Solution:
Labour cost is the second element of cost. Labor cost covers one of the major portion of the total cost of a product or job.