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Which of the following is an example of cohort effects?
Prime Costs
The combined costs of direct materials and direct labor that are directly involved in the production of goods.
Direct Materials Costs
Costs that are directly traceable to the production of specific goods or services, such as raw materials used.
Direct Labor Costs
Expenses related to employees who directly contribute to the production of goods or services, such as wages for assembly line workers.
Period Costs
Costs that are expensed in the period they are incurred rather than being capitalized or included in the cost of goods sold, such as selling, general, and administrative expenses.
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