What manufacturing costs do we have, and how are they defined?

1. Direct materials cost: The acquisition cost of materials used to produce the cost object that can be traced directly in an economically feasible way. 2. Direct manuf. labor costs: The compensation spend on workers that can be traced directly to the cost object in an economically feasible way. 3. Indirect manuf. costs: Other manufacturing costs considered to be apart of the cost object, but cannot be traced in an economically feasible way.