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Generally Accepted Accounting Principles (GAAP) MCQs

What are direct costs?

Costs of management salaries

Rent and utilities

Costs which are directly attributable to the production of an inventory item

General office costs which are then allocated to the inventory as burden

Answer

Correct Answer: Costs which are directly attributable to the production of an inventory item

Explanation:

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More Generally Accepted Accounting Principles (GAAP) MCQ Questions

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