Question
Download Solution PDFWhich of the following includes the cost of hire charges for the vehicle for an 8-hour working period in a day with the cost of the driver?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFExplanation:
Cost of Owning
- The cost of owning includes all expenses associated with owning and maintaining an asset.
- This may encompass depreciation, insurance, maintenance, and other costs related to the ownership of a vehicle or equipment.
Additional Information
Miscellaneous
- This category usually includes various small or unclassified expenses that may not fit into specific predefined categories.
- It could cover miscellaneous or unforeseen costs that don't fall into other specified categories.
Labour Cost
- Labour cost includes all expenses related to the workforce involved in a project.
- This encompasses wages, salaries, benefits, and other costs associated with hiring and compensating labour.
Loading of the Vehicle
- This could refer to the expenses associated with loading goods or materials onto the vehicle.
- It may include labor costs for workers involved in the loading process, as well as any equipment or resources required for efficient loading.
Last updated on May 28, 2025
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