14 1 pts Labor costs that are clearly associated with specific units or batches of product because the labor is used to convert raw materials into finished products called are: O Sunk labor. O Direct labor. Indirect labor. O Finished labor. O All of the above. Question 15 1 pts Managerial accounting focuses on providing information to users external to the firm (investors and creditors) to assist them in investing and lending decisions. True OFalse