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Which department of an organization recruits people?
Indirect Cost
Costs that are not directly traceable to a specific project, product, or activity and usually include overheads such as administration and utilities.
Direct Cost
Costs directly associated with the creation of specific products or services, including raw materials and wages.
Prime Costs
The combined costs of raw materials and direct labor that are directly attributable to the production of goods.
Conversion Costs
The costs incurred to convert raw materials into finished products, including labor and manufacturing overhead expenses.
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