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1.Explain the difference between direct and indirect materials. Give examples of each for a manufacturing company of your choice. 2.In your own words, explain the
1.Explain the difference between direct and indirect materials. Give examples of each for a manufacturing company of your choice. 2.In your own words, explain the four levels of production activities and why they are important. 3. Can a company use LIFO for tax reporting and FIFO for external reporting? Why? 4.What two conditions must be met for a company to recognize revenue
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Managerial Accounting
Authors: Karen Braun, Linda S Bamber
2nd Edition
136091164, 978-0136091165
