ACCOUTING PRIN SET LL INCLUSIVE
ACCOUTING PRIN SET LL INCLUSIVE
14th Edition
ISBN: 9781119815327
Author: Weygandt
Publisher: WILEY
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Chapter 19, Problem 9Q
To determine

Direct Material: The raw material that is used to produce the final product is direct material. It is a major resource and enables to be calculated as per unit basis.

Indirect Material: The raw material that is required during production but can’t be calculated on per unit basis is called indirect material.

To explain: Whether the distinction between direct and indirect material is based entirely on physical association with the product or not.

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ACCOUTING PRIN SET LL INCLUSIVE

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