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Expense Side of Statement of Profit and Loss

budget may be...

Question

_______ budget may be classified into material cost budget, labour cost budget and overhead budget.

A

Cost of production

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B

Purchase

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C

Sales

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D

Cash

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Solution

The correct option is A Cost of production
Cost of production have three important components i.e. raw material, labor and direct overheads. Cost of production of budget may be classified into material cost, labor cost and overhead budget.

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