[amp_mcq option1=”Factory cost” option2=”Production cost” option3=”Direct cost” option4=”None of these” correct=”option2″]<\/p>\n
The correct answer is: B. Production cost<\/strong><\/p>\n Factory cost is the cost of direct materials, direct labor, and factory overhead. Administrative overhead is the cost of indirect expenses that are not directly related to the production of goods or services.<\/p>\n Production cost is the total cost of producing a product or service. It includes the cost of materials, labor, and overhead. Overhead is the cost of indirect expenses that are not directly related to the production of goods or services. These costs can include things like rent, utilities, and insurance.<\/p>\n The sum of factory cost and administrative overhead is called production cost. This is the total cost of producing a product or service.<\/p>\n Here is a brief explanation of each option:<\/p>\n [amp_mcq option1=”Factory cost” option2=”Production cost” option3=”Direct cost” option4=”None of these” correct=”option2″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[952],"tags":[],"class_list":["post-54631","post","type-post","status-publish","format-standard","hentry","category-costing","no-featured-image-padding"],"yoast_head":"\n\n