________ costs are the acquisition costs of all materials that eventually become part of the cost object (work in process and then finished goods)and can be traced to the cost object in an economically feasible way.

Question

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Direct materials are the materials that can be directly traced to the cost object (work in process and finished goods) in an economically feasible way. These materials can be easily identified and are a part of the final product cost. Indirect materials, fixed costs and variable costs are not necessarily directly traceable to the cost object.

________ Costs Are the Acquisition Costs of All Materials That