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(c) Listed below are costs found in the company. (i) Electricity used in a factory. (ii) Salaries of cutting labour. (iii) Lubricant for cutting machine.
(c) Listed below are costs found in the company. (i) Electricity used in a factory. (ii) Salaries of cutting labour. (iii) Lubricant for cutting machine.
Required: For each cost, indicate whether it would most likely be classified as direct labor, direct materials, or manufacturing overhead. (3 marks)
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