Examlex
Regional elevation can be increased by:
Costs
The total amount of money required for the production of goods or services, including materials, labor, and overhead expenses.
Prime Costs
The direct costs of manufacturing, including direct labor and materials.
Direct Labour
The work done by employees directly involved in producing a product or delivering a service, often considered a variable cost.
Direct Materials
Direct materials are the raw materials that are directly traceable and allocable to a finished product in the manufacturing process, directly impacting the cost of goods sold.
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