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On a rainy day Sally wears rubber boots to prevent her feet from getting wet. Preventing her feet from getting wet is a _____________.
Direct Costs
Costs that can be directly attributed to the production of specific goods or services, such as labor or materials.
Cost Object
Any item for which costs are measured and assigned, including products, services, projects, or customers.
Manufacturing Costs
The total expenses related to producing goods, including raw materials, labor, and overhead expenses.
Expense
Outflows of economic resources or the incurring of liabilities (or a combination of both) during a period due to the production of goods, rendering of services, or other activities that constitute the entity’s ongoing major operations.
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