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In the above figure, as the y variable increases,
Cost of Goods Manufactured
This refers to the total production cost incurred by a company to manufacture products in a specific period, including materials, labor, and overhead costs.
Raw Materials Used
The total quantity and cost of raw materials employed in the production process during a specific period.
Direct Labour
The wages and expenses directly associated with the production of goods, representing labor that can be directly allocated to products.
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