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Managerial Accounting
The process of identifying, measuring, analyzing, and communicating financial information to managers for the pursuit of an organization's goals.
Product Costs
Costs that are directly associated with the creation of a product, including materials, labor, and overhead.
Direct Materials Cost
The expense associated with the raw materials directly used in the manufacture of a product.
Employee Wages
Compensation paid to employees for their labor or services, typically calculated on an hourly, daily, or piecework basis.
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