Ask Question
10 October, 08:17

Oil to keep the factory machinery lubricated is an example of what types of costs?

+5
Answers (1)
  1. 10 October, 11:48
    0
    Determination of type of costs:

    There are two main types of costs, which are Direct Costs and Indirect Costs. Direct costs are those costs which are directly traceable to the product, for example; direct material, direct labor etc. On the other had indirect costs are common costs incurred which are not directly traceable to the product, for example: Indirect material, indirect labor etc.

    Oil to keep the factory machinery lubricated is an example of indirect material which is an Indirect Cost.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Oil to keep the factory machinery lubricated is an example of what types of costs? ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers