Match the term with the description. direct labor direct materials expense recognition principle indirect labor indirect

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Match The Term With The Description Direct Labor Direct Materials Expense Recognition Principle Indirect Labor Indirect 1 (25.58 KiB) Viewed 14 times

Match the term with the description. direct labor direct materials expense recognition principle indirect labor indirect materials manufacturing overhead costs variable costing absorption costing ✓[Choose] all manufacturing costs excluding direct material and direct labor (also, matching principle) matches expenses with associated revenues in the period in which the revenues were generated labor directly related to the manufacturing of the product or the production of a service materials used in production but not efficiently traceable to a specific unit of production (also, full costing) system of accounting where all costs are treated as product costs regardless of whether they are variable or (also, direct costing or marginal costing) system of accounting where only variable costs are treated as product costs labor not directly involved in the active conversion of materials into finished products or the provision of services materials used in the manufacturing process that can be traced directly to the product [Choose] [Choose] [Choose1 [Choose] [Choose)