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Explain the difference between direct and indirect materials. Give examples of each for a manufacturing company of your choice.

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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1) Explain the difference between direct and indirect materials. Give examples of
each for a manufacturing company of your choice.
Direct Material is that material which can be directly used...

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