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Bartel Corporation produces bar stools for restaurants. For each of the following, indicate whether the cost would typically be considered a direct or indirect cost for the cost object given.
-Lubricants used on the bar stool manufacturing equipment
Insured
A person or entity covered by an insurance policy, protecting them against financial loss from specified risks.
Insurer
A company or entity that provides insurance coverage to policyholders in exchange for premiums.
Deductible
An amount that a policyholder must pay out of pocket before an insurance company will cover any expenses.
Premium
The amount paid for an insurance policy or the fee charged by insurers for providing coverage.
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