What do you understand by elements of cost?

Question: What do you understand by elements of cost?

Elements of cost refers to the individual components that make up a company’s total costs. They typically include direct materials, direct labor, manufacturing overhead, and general and administrative expenses. In some businesses, these costs might also include research and development, marketing, sales, and other costs of doing business.

Rjwala

Rjwala is your freely Ai Social Learning Platform. here our team solve your academic problems daily.