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Match the theorist with the model.
-Spearman's Two-Factor Approach
Period Expenses
Operating expenses that are incurred by a business within a specific time period, not directly tied to the production process.
Absorption Costing
A financial recording technique that incorporates all production-related charges, including direct materials, direct labor, along with both changeable and steady overhead expenses, into the product's cost.
Manufacturing Costs
Expenses directly related to the production of goods, including materials, labor, and overhead costs.
Direct Materials
Raw materials that are directly traceable to the manufacturing of a product and are a part of the finished product.
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