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Cost
The amount of money that needs to be spent to purchase, produce, or maintain something.
Benefit
An advantage or profit gained from something, often referring to employment perks beyond salary, such as health insurance.
Factory Overhead Cost
Expenses associated with operating a factory that can't be directly linked to a specific product, including costs like utilities and maintenance.
Conversion Cost
The combined cost of direct labor and manufacturing overheads required to convert raw materials into finished products.
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