Which of the following is NOT one of the categories of the costing approach described in the textbook?

A) direct costs
B) fixed costs
C) indirect costs
D) overhead costs

Costing Approach

A method or strategy used to evaluate the expenses involved in producing a product or service, impacting pricing and budgeting decisions.

Direct Costs

Expenses that can be directly attributed to the production of specific goods or services, such as materials and labor.

Fixed Costs

Expenses that do not change with the level of production or sales, such as rent, salaries, and insurance.