The statement is **True**.

### Explanation:
1. **Direct Costs** are the expenses that can be directly attributed to the production of a specific product or service, such as raw materials and labor directly involved in manufacturing.

2. **Indirect Costs** (or overhead costs) are expenses that are not directly linked to production. These can include utilities, rent, and salaries of staff who are not directly involved in production.

By summing both Direct and Indirect Costs, you arrive at the **Total Cost** of producing the product. This is a fundamental concept in cost accounting and financial analysis, ensuring accurate pricing and profitability assessments.

Question

The statement is **True**.

### Explanation:
1. **Direct Costs** are the expenses that can be directly attributed to the production of a specific product or service, such as raw materials and labor directly involved in manufacturing.

2. **Indirect Costs** (or overhead costs) are expenses that are not directly linked to production. These can include utilities, rent, and salaries of staff who are not directly involved in production.

By summing both Direct and Indirect Costs, you arrive at the **Total Cost** of producing the product. This is a fundamental concept in cost accounting and financial analysis, ensuring accurate pricing and profitability assessments.

Knowee AI · Accepted Answer

The statement is **True**.

### Explanation:
1. **Direct Costs** are the expenses that can be directly attributed to the production of a specific product or service, such as raw materials and labor directly involved in manufacturing.

2. **Indirect Costs** (or overhead costs) are expenses that are not directly linked to production. These can include utilities, rent, and salaries of staff who are not directly involved in production.

By summing both Direct and Indirect Costs, you arrive at the **Total Cost** of producing the product. This is a fundamental concept in cost accounting and financial analysis, ensuring accurate pricing and profitability assessments.

The Total Cost of your product is computed by getting the sum of your Direct and Indirect Costs1 puntoTrueFalse

Question

The Total Cost of your product is computed by getting the sum of your Direct and Indirect Costs 1 punto

Solution

Explanation:

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