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Describe primary and secondary emotions and give 3 examples of each.
Product Costs
The costs directly associated with the creation of a product, including direct materials, direct labor, and manufacturing overhead.
Work in Process
Inventory category that includes goods partially through the production process, not yet ready for sale.
Finished Goods
Products that have completed the manufacturing process and are ready for sale to customers.
Manufacturing Overhead
This includes all indirect manufacturing costs that cannot be directly attributed to specific units produced, such as utilities or salaries for factory supervisors.
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