What is the difference between a direct cost and an indirect cost?
Give an example of each in the context of teaching an accounting class at your school.
Direct costs easily assign to a specific product or service and indirect costs assign to multiple products or services. Examples for teaching and accounting class:
Direct Costs include teaching materials. Indirect costs include original cost of education.
I am not sure about this one. Because a class has many students, would not all the costs be indirect as they would allocate to multiple students?