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question 226

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Fill in the blanks:
Direct materials cost and direct labor cost can be ________ ________ to products.Manufacturing overhead costs are ________ in cost pools and then ________ to products.


Definitions:

Consensus

General agreement or collective opinion among a group of people.

Legal Permissibility

The extent to which an action or procedure is allowed within the bounds of the law.

Court Precedent

A legal decision made by a court that serves as an example or rule to be followed in future similar cases.

Insurance

A financial agreement where individuals or entities receive protection or reimbursement against losses from an insurer, in exchange for premium payments.

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