All product costs other than direct materials and indirect labor are called overhead.

Name: All product costs other than direct materials and indirect labor are called overhead.
Brand: Quizplus
Rating: 5.0 (38 reviews)

Question

Quizplus · Accepted Answer

Overhead costs include all costs on the factory's income statement except for direct materials, direct labor, and direct expenses. It encompasses both indirect materials and indirect labor, along with other indirect costs.

All Product Costs Other Than Direct Materials and Indirect Labor