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Top-down processing can help
Direct Material
Raw materials that are directly traceable to the manufacturing of a product and are integral to its production.
Direct Labor
The labor costs directly tied to the production of goods or services.
Direct Materials
Raw materials that are directly incorporated into a finished product and can be directly traced to that product.
Traditional Format Income Statements
A type of financial statement that presents the revenues, expenses, and profits or losses of a company over a specific period, formatted in a conventional manner.
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