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Prime Costs
The combined costs of direct materials and direct labor, which are directly attributable to the production of goods.
Prime Costs
A business's direct costs of materials and labor that are associated with the production of goods or services.
Idle Time
The period of time when resources, such as employees or machines, are available but not in use or producing, often resulting in inefficiency.
Overhead
All indirect costs of running a business that cannot be directly attributed to a specific product or service.
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