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Variable Manufacturing
Costs in manufacturing that vary with the level of production output, such as raw materials and labor costs.
Factory Overhead
All indirect costs associated with manufacturing, such as utilities, maintenance, and depreciation of equipment, excluding direct materials and direct labor.
Direct Labor
Direct labor refers to the work of employees directly involved in the manufacturing of products.
Direct Material
Raw materials that are consumed in the manufacturing process, directly incorporated into the finished product.
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