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Three things can make a stimulus surprising: novelty,unexpectedness,and
Work-In-Process Inventory
The cost of unfinished goods in the manufacturing process including labor, material, and overhead.
Total Manufacturing Cost
The aggregate cost of direct materials, direct labor, and manufacturing overhead utilized in producing goods within a reporting period.
Direct Labor Costs
Expenses associated with the labor directly involved in the production of goods or provision of services.
Raw Materials Costs
The expenses associated with acquiring raw materials required to manufacture a product.
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