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The ability to be in many different states at once,dramatically increasing processing power,is a hallmark of
Conversion Cost
The combined cost of direct labour and manufacturing overhead required to convert raw materials into finished goods.
Direct Labour
Employees who play a fundamental role in the assembly or creation of a company's products, contributing directly to the output.
Factory Overhead
Costs related to operating a manufacturing facility not directly tied to a specific product, including maintenance, utilities, and equipment depreciation.
Process Manufacturers
Companies that produce goods in bulk by combining ingredients or raw materials through a sequence of measured steps.
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