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A 3rd magnitude star is 3 times brighter than a 1st magnitude star.
Relevant Cost
A cost that differs between alternatives in a decision. This term is synonymous with avoidable cost and differential cost.
Direct Materials
The raw materials that are directly traceable to the manufacturing of a product.
Direct Labour
The workforce directly involved in producing goods or delivering services, whose costs are directly attributable to the products or services.
Manufacturing Overhead
All manufacturing costs except direct materials and direct labor.
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