Types of Costs

When we have to obtain any product, we have to pay the cost from our own product. Whether we buy or produce the produce, we need to pay the expenses. These expenses will be the cost. Following are the main types of Cost. Following are the main types of Costs :

1. Direct Material Cost 

2. Direct Labor Cost

3. Production Cost 

4. Fixed Cost 

5. Variable Cost 

6. Semi Variable Cost