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tommy whitty
on Nov 18, 2024

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Direct labor costs are included in the conversion costs of a product.

Direct Labor Costs

Direct labor costs are the wages paid to employees who are directly involved in the production of goods or services.

Conversion Costs

Conversion costs are expenses incurred during the process of converting raw materials into finished products, including both direct labor and manufacturing overhead.

  • Distinguish between the concepts of prime costs and conversion costs.
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Alyssa MarieNov 20, 2024
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