What are direct costs?
An example of an AI chatbot conversation about direct costs in business.
What are direct costs?
Direct costs are expenses that can be directly attributed to a specific product or service, like materials and labor.
Can you give me some examples of direct costs?
Sure! Examples include raw materials, direct labor costs, and manufacturing supplies used in production.
How do direct costs differ from indirect costs?
Direct costs are directly linked to production, while indirect costs are not directly tied to a specific product, like utilities.
Why is it important to track direct costs?
Tracking direct costs helps businesses determine profitability, set pricing strategies, and manage budgets effectively.
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