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Physical traits such as weight
Conversion Costs
The combination of labor and overhead costs incurred to convert raw materials into finished goods.
Incurred Costs
Expenses that a company has realized and recorded, regardless of cash payment status.
Manufacturing Overhead Costs
Expenses indirectly related to the manufacturing process, including maintenance of equipment, quality control, and facility rent.
Incurred Costs
Expenses that have been recognized or realized during a period, regardless of when cash payments are made.
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