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Factory Overhead
All indirect manufacturing costs, including costs related to running the factory that cannot be directly tied to a specific product.
Prime Costs
The combination of direct material and direct labor costs that are directly involved in manufacturing a product.
Direct Labor
The work of factory employees that can be easily traced to the production of specific goods or services.
Factory Overhead
Indirect manufacturing costs not directly tied to production, including maintenance, utilities, and equipment depreciation.
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