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Major events produced by inflammation include
Period Costs
Costs that are expensed in the period they're incurred, not directly tied to production activity, such as selling and administrative expenses.
Direct Materials
Raw materials that can be directly attributed to the production of specific goods or services in manufacturing.
Direct Labor
The wages and benefits paid to workers who are directly involved in the production of goods or services.
Prime Costs
The combined costs of direct materials and direct labor that are directly involved in the production of goods.
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