Asked by
Karli Anderson
on Nov 13, 2024
Verified
Cost of oil used to lubricate factory machinery and equipment is an example of a direct materials cost.
Direct Materials Cost
The total cost of raw materials that can be directly attributed to the production process of a product.
Factory Machinery
Equipment and machines used in a factory to increase production efficiency and manufacture goods.
- Comprehend the significance of direct materials and direct labor in product cost determination.
Verified Answer
BM
Learning Objectives
- Comprehend the significance of direct materials and direct labor in product cost determination.
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