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Income Statement
A financial statement that reports a company's financial performance over a specific accounting period, detailing revenues, expenses, and profits.
Inventory Value
The total cost or market value of all the goods held by a company intended for sale or used in production.
Prime Costs
The combined costs of direct materials and direct labor that are directly involved in the production of a product.
Factory Overhead
Costs related to the manufacturing process that are not directly attributable to the product being manufactured, such as utilities and maintenance of equipment.
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