Congress Requires That Certain Contracts Be Written in ____________________

question 43

Short Answer

Congress requires that certain contracts be written in ____________________.

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Definitions:

Custom-Made

Products or services that are specially designed and produced to meet the specific requirements or specifications of a customer.

Prime Cost

The combined costs of direct materials and direct labor incurred to produce a product.

Direct Material

Raw materials that can be directly attributed to the production of specific goods or services, utilized in their creation.

Direct Labour Cost

A cost that can be directly attributed to the production of specific goods or services, such as wages paid to employees who physically produce a product.