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Quinn designs a new tablet computer,which he names "Phlip Top." He also writes the operating manual that is included with each final product. Quinn could obtain patent protection for
Cost Of Goods Sold
Costs incurred directly from the manufacture of goods sold by a company, including the cost of materials and labor.
Manufacturing Overhead
All indirect costs associated with manufacturing a product, such as utilities, maintenance, and factory management salaries.
T-Accounts
Diagrammatic representations used in accounting to visualize debits and credits for individual accounts.
Direct Labor-Hours
A measure of the total hours of work directly involved in manufacturing goods or providing services.
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