Secondary Internal Data Have Two Significant Advantages

question 19

True/False

Secondary internal data have two significant advantages.They are easily available and inexpensive.

---

Definitions:

Direct Materials

Raw materials that can be directly traced to the production of a specific product.

Direct Labor

The labor or work performed by employees who are directly involved in the production of goods or services.

Nonmanufacturing Cost

Expenses not directly tied to the production of goods, such as administrative, sales, and marketing costs.

Prime Costs

The combined direct costs of raw materials and labor that are directly involved in the production of a product.