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Class 11 Home Science Work, Livelihood and Career Traditional occupations in India - HandicraftsExpertLevel 10

What problem occurs when labour time is not included in handicraft costing?

Answer and explanation

Correct answer: The real value of the product is underestimated

Artisan time is an important part of production cost. Exam tip: include unpaid labour as cost.

Tags

home-sciencelabour-costpricingartisan-income

Frequently asked questions

What is the correct answer to this question?

The real value of the product is underestimated

Why is this the correct answer?

Artisan time is an important part of production cost. Exam tip: include unpaid labour as cost.

Which subject and chapter does this question cover?

This is a Class 11 Home Science question. Chapter: Work, Livelihood and Career. Topic: Traditional occupations in India - Handicrafts.

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