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Manufacturing companies normally use standard cost for each of the following product costs: Product costs Direct materials Direct labor Indirect labor Overhead Manufacturing overhead Selling

Manufacturing companies normally use standard cost for each of the following product costs:

Product costs

Direct materials

Direct labor

Indirect labor

Overhead

Manufacturing overhead

Selling expenses

Administrative expenses

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Cost is a financial measure of the resources used or given up to achieve a stated purpose Product costs are the costs a company assigns to units produced Product costs are the costs of making a produc... blur-text-image

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