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Factor.
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Total Costs
The sum of all expenses incurred by a business in producing goods or services, including fixed and variable costs.
Prime Cost
Direct materials cost plus direct labor cost.
Cost Of Goods Manufactured
The total expense incurred to produce goods over a specific period, including labor, materials, and overhead.
Gross Margin
The difference between sales revenue and the cost of goods sold, indicating the financial health of a company's core activities.
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