Direct materials can be directly traced to the goods or services being produced.
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Q34: Any costs associated with storing, selling, and
Q35: Industries that provide services do not normally
Q36: Product costs include direct materials, direct labor,
Q37: Property taxes on a factory building would
Q38: Sales revenue equals the product cost per
Q40: Product costs are carried in inventory until
Q41: All product costs other than direct materials
Q42: The process of assigning an indirect cost
Q43: _ are those costs, both direct and
Q44: _is the amount of cash or cash
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