(Answered) Questions -1 describe what we mean by a direct material

Accounting

Questions -

1. Describe what we mean by a "Direct Material" cost, and tell us whether this is categorized as a product (manufacturing) cost or a period (non-manufacturing) cost.

2. Describe what we mean by a "Direct Labor" cost, and tell us whether this is categorized as a product (manufacturing) cost or a period (non-manufacturing) cost.

3. Describe what we mean by a "Manufacturing Overhead" cost, and tell us whether this is categorized as a product (manufacturing) cost or a period (non-manufacturing) cost.

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