The direct labor and overhead costs of providing services to clients are accumulated in a work in process account.

Name: The direct labor and overhead costs of providing services to clients are accumulated in a work in process account.
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Quizplus · Accepted Answer

In accounting, the direct labor and overhead costs associated with providing services to clients are indeed accumulated in a work in process (WIP) account, which tracks the costs of unfinished services or products until they are completed.

The Direct Labor and Overhead Costs of Providing Services to Clients