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Since citing requires attention to detail, what are some valuable strategies for proper documentation of sources? Name at least two and say why they are useful.
Period Cost
Expenses incurred by a business that are not directly tied to production activities, such as administrative and selling expenses.
Direct Materials
Raw materials that are directly traceable to the manufacturing of a product and are a significant portion of the total production cost.
Administrative Expense
Costs related to the general management and administration of a company, such as salaries of executive personnel, accounting departments, and front office.
Direct Labor Cost
The cost associated with employees who directly contribute to the production of goods, such as wages for factory workers.
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