A manufacturing organisation has initiated a project focusing on costs, with a view to making...

Vendor: CIPS
Product: L4M2
Update on: Dec 8, 2025
Questions: 303

CIPS L4M2 Question Answer

A manufacturing organisation has initiated a project focusing on costs, with a view to making significant savings. A procurement manager is leading the project. The initial data sources have focused on the cost of raw materials. Which of the following describes this cost?

Direct, variable costs

Indirect, variable costs

Direct, fixed costs

Indirect, fixed costs