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The priming model assumes that
Direct Manufacturing Cost
The total expense directly associated with the production of goods, including labor and materials.
Indirect Manufacturing Costs
Costs that cannot be directly linked to the production of specific goods or services, such as utilities and rental fees for manufacturing facilities.
Product Cost
The total expense incurred in the creation of a product, including direct materials, direct labor, and overhead costs.
Period Cost
Expenses that are not directly tied to the production process and are instead expensed in the period they are incurred.
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