Examlex
American city governments in the late nineteenth century were
Factory Overhead
Indirect costs incurred during the manufacturing process, not including direct materials or direct labor.
Materials
Raw inputs or supplies used in the manufacturing process to produce goods or are consumed during the service delivery.
Labor
The human effort, both physical and mental, used in the production of goods and services.
Period Costs
Costs that are expensed in the period they are incurred and are not directly tied to the production of goods or services, such as administrative expenses.
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