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Which is the deepest ocean trench?
Direct Material Cost
The expense of basic materials and parts directly utilized in manufacturing a product.
Period Cost
Costs that are not directly tied to the production process and are expensed in the period in which they are incurred, such as selling, general, and administrative expenses.
Opportunity Cost
The cost of forgone alternatives when one option is chosen over another.
Administrative Expense
Costs related to the general operation and administration of a business, including salaries of executive personnel, office supplies, and utilities.
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