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For each historical identification question, define the term and briefly describe its historical significance.
oligarchies
Product Costs
All costs directly tied to the creation of a product, including materials, labor, and allocated overhead.
Materials Overhead
Costs related to the production process that are not directly tied to the product being manufactured, such as factory supplies and equipment maintenance.
Raw Materials
Basic materials used in the production process to create goods and products.
Finished Product
A completed item ready for sale, having undergone all stages of manufacturing and preparation.
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