Both direct material cost and indirect material cost are product costs.

Question

Quizplus · Accepted Answer

Both direct material cost and indirect material cost are part of the total cost of a product and are therefore classified as product costs. Direct material cost refers to the cost of materials that are directly used in the production of a product, while indirect material cost refers to the cost of materials that are not directly used in production but are still necessary for the production process.

Both Direct Material Cost and Indirect Material Cost Are Product