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Roughly what was the median level of household income in the U.S.in 2012?
Service Costs
Expenses associated with providing services to customers, including labor, materials, and overhead costs.
Actual Cost Analysis
The process of examining the real and total costs incurred in the production of goods or provision of services, after the fact, to ensure accurate costing and pricing.
Indirect Costs
Expenses that are not directly traceable to a product, service, or project, such as rent, utilities, and administrative salaries.
Cost Centres
Divisions or units within an organization that do not directly generate revenue but incur costs, used for budgeting and cost control.
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