Elements of Cost | Material | Labour | Expenses | Overhead Cost | Prime Cost | Indirect Expense|cost

In this video, I have explained the elements of cost. Element of cost includes material, Labour and expenses. Material can be further classified as Direct and Indirect Material. Labour can be further classified as Direct Labour and Indirect Labour. Expenses can be further classified as Direct expenses and indirect expenses. All the indirect Labour, material and expenses are termed as Overhead cost. #cost accounting #element of cost #cost sheet #overhead costing direct material prime cost #cost accounting elements of cost #ElementOfCost #ElementOfCostMeaning #Materialcost #Labourcost #Expensecost #DirectandIndirectmaterial #Directandindirectlabour #directandindirectexpenses #OverheadMeaning #OverheadTypes #FactoryOverhead #OfficeOverhead #Selling&DistributionOverhead #CostAccountingMeaning #CostConcept #Costaccountingfullcourse #BBA #B.COM #MBA #costing #commerce #cost #icai #cainter #castudents #accounting #cafoundation #costaccountant #ca #cafinal #finance #icmai #cma #cmastudents #companysecretary #costaccounting #htet #icsi #memes #dsssb #quiz #caintermediate #icmaistudents #estimation #law #commercestudents #accounts #design #cmafoundation