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A Overhead expenses only B Labour only C Material, Labour and Overhead expenses. D Material only
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Elements of cost of a product are Material, Labour and Overhead expenses. 1. Materials refer to the cost of the materials which becomes amajor part of the finished product. 2. Labour is defined as the labourof those workers who are engaged in the production process. 3. Overheadexpenses include any expenditure other than direct material and direct labourdirectly incurred on a specific cost unit (product or job).Correct option is D. Material, Labour and Overhead expenses.
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