Examlex
Role reversal
Indirect Cost
Costs that are not directly traceable to a specific product, project, or activity, such as utilities, rent, and administrative expenses.
Direct Cost
A cost that can be easily and conveniently traced to a specified cost object.
Prime Cost
Direct materials cost plus direct labor cost.
Direct Labor
Work done by employees that can be directly traced to the production of goods or services, as opposed to indirect labor involved in support activities.
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