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What term is used to describe the process of monitoring operating results and comparing actual results with the expected results? a.controlling b.improving c.planning d.directing Direct

What term is used to describe the process of monitoring operating results and comparing actual results with the expected results?

a.controlling

b.improving

c.planning

d.directing

Direct labor and direct materials are

a.period costs and expensed when the goods are sold

b.product costs and expensed when the goods are sold

c.product costs and expensed when incurred

d.period costs and expensed when incurred

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