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1. For which of the following businesses would a process cost system be appropriate?

Auto repair service

Paint manufacturer

Specialty printer

Custom furniture manufacturer

2. The two categories of cost comprising conversion costs are:

Direct labor and indirect labor

Direct labor and factory overhead

Factory overhead and direct materials

Direct labor and direct materials

3. The two categories of cost comprising Prime costs are:

Direct labor and indirect labor

Direct labor and factory overhead

Factory overhead and direct materials

Direct labor and direct materials

Financial Accounting, Accounting

  • Category:- Financial Accounting
  • Reference No.:- M91361799

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