Examlex
Which information-processing component is subject to the greatest voluntary control?
Direct Cost
A cost that can be easily and conveniently traced to a specified cost object.
Prime Cost
Direct materials cost plus direct labor cost.
Direct Labor
Costs attributed to the work done by employees who are directly involved in the production of goods or services.
Conversion Cost
The combined expenses of direct labor and manufacturing overhead, representing the costs to convert raw materials into finished goods.
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