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Use the following to answer questions :
-Agricultural Revolution
Direct Materials Used
The raw materials that are directly incorporated into a finished product and can easily be traced to it.
Balance Sheet
A financial statement that presents a company's assets, liabilities, and shareholders' equity at a specific point in time, showing its financial position.
Cost of Goods Sold
The expenses directly linked to the creation of a company's sold products, comprising both materials and labor.
Factory Rent
Refers to the cost incurred for renting a facility or space for manufacturing operations, a common type of fixed expense for manufacturers.
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