The three components of product cost are:

Question

Quizplus · Accepted Answer

The three components of product cost are direct material, direct labor, and overhead. Direct material refers to the cost of the raw materials used to make the product. Direct labor refers to the cost of the labor used to produce the product. Overhead includes all other costs associated with producing the product, such as rent, utilities, and depreciation. Indirect material and indirect labor are subcomponents of overhead.

The Three Components of Product Cost Are