Question

A manufacturing company purchased two cases of oil for machines used in production the cost of the oil would be what type of cost? select all that apply

Answer 1

Three general categories of costs associated with the manufacturing process are direct materials, direct labor, and overhead.

Manufacturing is the creation or manufacture of goods using equipment, labor, machinery, tools, and chemical or biological processes or formulations. It is the essence of the secondary sector of the economy.

Manufacturing is the manufacture of goods, either by hand or by machine, which is then sold by an entity to its customers. Items used for crafting can be raw materials or components for larger products. Manufacturing is usually done on large production lines using machines and skilled workers.

Manufacturing is defined as creating new products from raw materials or parts. Examples of manufacturing industries include car companies, bakeries, shoe stores, and tailors. They do not manufacture products or provide services.

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