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The names of the seven days of the week are based on the
Direct Costs
Costs that can be directly attributed to the production of a specific good or service, such as raw materials and direct labor.
Allocation Base
A measure or statistic used to distribute indirect costs to different cost objects, such as departments or products.
Overhead Costs
Expenses related to the day-to-day running of a business that cannot be directly attributed to creating a product or service, such as rent, utilities, and insurance.
Averaging Process
A method used in manufacturing or cost calculation where inputs or expenses over a period are averaged to determine a standard cost or value.
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