{"id":54076,"date":"2024-04-16T00:04:01","date_gmt":"2024-04-16T00:04:01","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=54076"},"modified":"2024-04-16T00:04:01","modified_gmt":"2024-04-16T00:04:01","slug":"which-of-the-following-item-of-expenses-will-not-appear-in-cost-accounting","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/which-of-the-following-item-of-expenses-will-not-appear-in-cost-accounting\/","title":{"rendered":"Which of the following item of expenses will not appear in cost accounting."},"content":{"rendered":"

[amp_mcq option1=”Direct material cost” option2=”Factory overheads” option3=”Selling Expenses” option4=”Loss on sale of fixed assets” correct=”option4″]<\/p>\n

The correct answer is D. Loss on sale of fixed assets.<\/p>\n

Cost accounting is a branch of accounting that focuses on the measurement, accumulation, and assignment of costs to products and services. It is used to determine the profitability of products and services, as well as to make decisions about pricing, production, and inventory levels.<\/p>\n

The costs that are included in cost accounting are those that are directly or indirectly related to the production of a product or service. Direct costs are those that can be easily traced to a specific product or service, such as the cost of materials and labor. Indirect costs are those that cannot be easily traced to a specific product or service, such as the cost of rent and utilities.<\/p>\n

Loss on sale of fixed assets is not a cost that is directly or indirectly related to the production of a product or service. Therefore, it is not included in cost accounting.<\/p>\n

Here is a brief explanation of each option:<\/p>\n