Examlex
Briefly describe the four guidelines of brainstorming.
Direct Materials
Raw materials that can be directly attributed to the production of finished goods and are an integral part of the finished product.
Period Cost
Expenses incurred during a specific period of time that are not directly tied to the production of goods or services.
Prime Costs
consists of the direct costs directly attributable to the manufacture of goods, specifically direct materials and direct labor.
Conversion Costs
Costs incurred to convert raw materials into finished products, typically including direct labor and manufacturing overhead.
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