Which of the following is not part of the cost of production
Answer Details
Advertising is not part of the cost of production. Cost of production refers to the cost incurred in the process of manufacturing or producing goods or services. It includes expenses such as wages of operators, factory power, cost of raw materials, and other costs directly associated with the production process. Advertising, on the other hand, is a promotional activity that aims to create awareness and generate demand for products or services. It is an indirect cost that is not directly related to the production process and hence not considered as part of the cost of production.