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Salespersons' Commissions
This refers to the payment made to sales staff based on a percentage of the sales they generate, as a form of incentive and reward.
Product Cost
The total expenditure incurred to produce, acquire, and sell products, including direct materials, direct labor, and overhead.
Period Cost
Overheads not directly linked to production, charged as expenses in the timeframe they happen.
Direct Materials
The raw materials directly used in the manufacturing of a product, easily traceable to the finished good.
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