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Which of the following is true of the Omnibus Crime Control Act?
Product Costs
Costs directly associated with the manufacturing of goods, including direct materials, direct labor, and manufacturing overhead.
Absorption Costing
A financial method that integrates all production-related costs — direct materials, direct labor, and both variable and fixed overheads — into the cost calculation of a product.
Manufacturing Overhead
Indirect factory-related costs that are incurred when a product is manufactured, including costs related to operating the manufacturing facilities.
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