In a manufacturing plant,indirect materials costs from lubricants and cleaning fluids are product costs.

Question

Quizplus · Accepted Answer

Indirect materials costs from lubricants and cleaning fluids are considered product costs because they contribute to the production process and are necessary for the manufacturing of the final product. These costs can be allocated to specific products through cost accounting methods such as absorption costing.

In a Manufacturing Plant,indirect Materials Costs from Lubricants and Cleaning