Prime costs are the combination of direct labor costs and factory overhead costs.
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Q47: A cost object indicates how costs are
Q48: Manufacturers use machinery and labor to convert
Q49: Labor costs that are directly traceable to
Q50: Period costs can be found on both
Q51: Indirect labor would be included in factory
Q53: The plant manager's salary in a manufacturing
Q54: Factory overhead includes all manufacturing costs except
Q55: The costs of materials and labor that
Q56: Period costs include direct materials and direct
Q57: Prime costs are the combination of direct
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