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Internal hiring methods are often less expensive than external hiring methods.
Direct Labour
This refers to the work done by employees who directly contribute to the manufacturing or production process of a company's goods or services.
Factory Overhead
All costs related to manufacturing that are not direct materials or direct labor expenses.
Direct Material
Raw materials that can be directly attributed to the production of a specific product.
Processing Costs
Expenses associated with the operation of processing goods, often related to manufacturing or production processes.
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