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What are some concepts of justice? What is the difference between distributive justice and retributive justice?
Direct Material
Raw materials that can be directly attributed to the production of a specific product.
Processing Costs
Expenses associated with the operation of processing goods, often related to manufacturing or production processes.
Labour Costs
The total expenses borne by employers for the wages, benefits, and taxes associated with their workforce.
Conversion Costs
Costs incurred to convert raw materials into finished products, typically including direct labor and manufacturing overhead.
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