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The Turing Test is used to determine if a computer is Male or Female?
GAAP
Generally Accepted Accounting Principles; a set of rules and standards for financial reporting used in the United States.
Prime Costs
The combined total of direct labor and direct materials cost incurred in the manufacturing of products.
Direct Materials
Raw materials that are directly traceable to the production of a specific product and are an integral part of the finished product.
Indirect Materials
Materials used in the production process that cannot be directly linked to a specific product, such as lubricants and cleaning supplies.
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