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Direct Labor is: A. Prime cost only B. Conversion cost only C. Prime cost and conversion cost D. None of the above

Accounting Auditing Cost Accounting Financial Accounting managerial accounting
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Question added by Lesley Lanag CMA CPA , Senior Accountant , Takaful Emarat Insurance (P.S.C)
Date Posted: 2014/12/02
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Direct labor cost is a component of prime cost with direct material cost and a component of conversion cost with manufacturing overhead . 

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