FUNDAMENTAL CONCEPTS OF COST — Commercial Studies STD 10 — Question

Indirect costs are expenses incurred on those items which are not directly chargeable to production. Its components include:
(i) Indirect material: Material used for ancillary purposes.
(ii) Indirect labour: Cost incurred on labour for free purpose of carrying out incidental task.
(iii) Indirect expenditure: These costs cannot be directly, conveniently and wholly traced to a particular