Select the appropriate definition for each of the items listed below.
-A cost that can be easily traced to a cost object
A)period cost
B)direct cost
C)opportunity cost
D)variable cost
E)indirect cost
F)fixed cost
G)product cost

Question

Quizplus · Accepted Answer

Direct costs can be easily traced to a cost object, such as a product, project, or department, because they are directly associated with producing a specific good or service. Examples include raw materials and labor directly involved in production.

Select the Appropriate Definition for Each of the Items Listed