Prime costs include direct materials and direct labor costs.
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Q14: Lubricants used for production machinery should be
Q15: Before materials enter the production process, they
Q16: After materials enter the production process, those
Q17: Employees who handle materials in the factory
Q18: Overtime premium costs should theoretically be considered
Q20: Conversion costs equal direct materials and manufacturing
Q21: Nonmanufacturing costs include selling and adminstrative costs,
Q22: Work-in-process inventory refers to partially completed units.
Q23: The cost of direct materials placed into
Q24: In a manufacturing company, cost of goods
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