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Exhibit 2-13 Production possibilities curve In Exhibit 2-13, if the economy decides to locate at point E, then:
Raw Materials
The basic materials from which products are made, typically not yet processed or manufactured.
Factory Payroll
The total compensation paid to all employees working within a manufacturing plant or factory.
Overhead Applicable
The portion of overhead costs that are assigned to a specific product, service, or job based on a predetermined rate or method.
Direct Materials
Raw materials that are directly traceable to the manufacturing process of a specific product and integral to its production.
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