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All of the following statements are true EXCEPT:
Job Cost Sheets
Documents that record and track the costs associated with a specific job or project.
Direct Materials
Fundamental materials directly identifiable in the creation of a product.
Direct Labor
The labor costs directly tied to the production of goods or the performance of services.
Overhead Cost
Overhead cost refers to ongoing business expenses not directly linked to creating a product or service, such as rent, utilities, and administrative costs.
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