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What are the two roles of state and local government regulation?
Nonmanufacturing Costs
Expenses not directly related to the production of goods, including sales, administration, and marketing costs.
Depreciation Factory Equipment
The systematic reduction in the recorded cost of factory equipment over its useful life, reflecting wear and tear or obsolescence.
Utility Costs Factory
The expenses for utilities (electricity, gas, water, etc.) incurred in the operation of a manufacturing plant or facility.
Product Costs
Costs that are directly associated with the manufacturing of goods, including materials, labor, and overhead.
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