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Franklin Roosevelt's sensational Quarantine Speech in 1937 resulted in
Total Manufacturing Costs
The sum of all costs involved in the production of goods, including raw materials, direct labor, and overhead expenses, crucial for determining product pricing.
Cost Of Goods Manufactured
The total production cost (including materials, labor, and overhead) of goods that were completed during a specific accounting period.
Direct Materials
Raw materials that are directly incorporated into a finished product and can be directly attributed to the product.
Manufacturing Overhead
All indirect costs associated with the production process of a company, including utilities, depreciation, and salaries of non-direct labor.
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