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While chief executives and financial officers are currently not subject to criminal penalties, they are required to certify periodic financial reports.
Prime Costs
The combined direct costs of raw materials and labor that are directly involved in the production of a product.
Indirect Material
Materials used in the manufacturing process that are not directly incorporated into the final product, such as lubricants and cleaning supplies.
Direct Labor
The labor costs directly associated with the manufacturing of products, including wages of workers who are actively involved in the product's creation.
Direct Materials
Raw materials that can be directly attributed to the production of a product and are an essential part of the finished product.
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