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Williams Company's direct labor cost is 25% of its conversion cost. If the Manufacturing overhead cost for the last period was $45,000 and the direct materials cost was $25,000, the direct labor cost was:
A. $15,000
B. $60,000
C. $33,333
D. $20,000
Please explain how you got the answer.
Under IFRS, the following is true of the operating section of the statement of cash flows:
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