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Evaluate the expression without using a calculator.
Indirect Manufacturing Cost
Costs in manufacturing that cannot be directly tied to a specific product or job, such as maintenance, supervision, and utility costs; also known as manufacturing overhead.
Direct Manufacturing Cost
These are costs that can be directly traced to the production of specific goods or services, such as raw materials and direct labor.
Differential Costs
The difference in total cost that will result from selecting one choice over another.
Sunk Costs
Sunk costs refer to money already spent and permanently lost, which cannot be recovered and should not influence future financial decisions.
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