A public accounting firm would have cost elements involving direct labour and overhead but not raw materials.

Question

Quizplus · Accepted Answer

A public accounting firm provides services rather than producing physical goods, so there are no raw materials involved in their cost elements. However, they would have direct labour costs for the employees who provide the services, as well as overhead costs related to running the business, such as rent, utilities, and office equipment.

A Public Accounting Firm Would Have Cost Elements Involving Direct