Direct materials, direct labor, and manufacturing overhead are all ______ costs.

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16-09-2022
Business

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Direct materials, direct labor, and manufacturing overhead are all ______ costs.

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qwviolet qwviolet · Answer 1 · 2022-09-20T07:20:31-04:00

Direct materials, direct labor, and manufacturing overhead are all product costs.

The term "product cost" refers to the expenses that are spent during the manufacturing process of a product. The product costs consist of direct labor, direct materials, consumable manufacturing supplies, and factory overhead expenses. Direct labor and direct materials are also included. The price of the product may also be thought of as the price of the work that is necessary to provide a service to a consumer.

Formula-

Product Cost (per Unit ) = (Total Product Cost) / Number of Units Produced.

Learn more about product cost-https://brainly.com/question/24494976