Use the table below to answer the following questions.
Table 1A.4.2
-Table 1A.4.2 shows that,
Definitions:
Raw Materials
The basic material from which a product is made, typically used in the manufacturing or production process.
Indirect Cost
Expenses not directly linked to the production of goods or services, such as rent, utilities, and administrative salaries.
Cost Object
Anything for which cost data are desired. Examples of cost objects are products, customers, jobs, and parts of the organization such as departments or divisions.
traceability Of Costs
The ability to assign direct costs to specific cost objects and to allocate indirect costs accurately.
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