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Selling and Administrative Expense
Combined costs related to the selling of goods and the general administrative activities of a company, excluding production costs.
Direct Materials
Raw materials that are consumed in the production process and can be directly attributed to specific products.
Production Labor
The workforce involved in the manufacturing process, whose wages are considered a direct labor cost affecting the cost of goods sold.
Direct Cost
Expenses that can be directly linked to the production of specific goods or services.
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