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Case 6-1
Kyra is designing a new Web page for her college volleyball team,and she receives some help from Max.He is not as experienced in Web design as Kyra is,and she provides a primer in terminology so they can clearly understand each other.
-Max asks Kyra where the team contact information should go.Kyra says that the common place is the bottom of the page.What is this space called?
Direct Materials
Raw materials that are directly traceable and integral to the finished product in the manufacturing process.
Selling Costs
All costs that are incurred to secure customer orders and get the finished product or service into the hands of the customer.
Indirect Costs
Costs that are not directly traceable to a single product or operation, such as overhead.
Opportunity Costs
The potential benefit missed out on when choosing one alternative over another.
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