Which of the following expenses is included in cost of production and termed as accounting cost?

CA Foundation · Business Economics · PYQS · September 2024
Which of the following expenses is included in cost of production and termed as accounting cost?
(A) A. Expenses incurred on Research & Development.
(B) B. Wages paid to workers employed in the factory.
(C) C. Expenses incurred on advertising.
(D) D. Common costs incurred for general operation of business.

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. Wages paid to workers employed in the factory.

Topics: Theory of Production and Cost

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