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Direct Labour
The labor costs directly associated with the manufacture of specific goods or services.
Variable Manufacturing Overhead
Indirect, fluctuating costs involved in the production process, such as utilities and maintenance, that are not directly tied to specific units produced.
Fixed Manufacturing Overhead
Costs related to manufacturing that do not vary with the level of production, such as factory rent, salaries of permanent staff, and depreciation of factory equipment.
Fixed Expenses
Costs that do not vary with the level of production or sales, such as rent, salaries, and insurance premiums.
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