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Average Inventory
The mean value of inventory held over a certain period of time, calculated to help businesses understand inventory turnover.
Factory Overhead
All indirect costs associated with manufacturing, including utilities, maintenance, and management salaries.
Payroll Taxes
Taxes imposed on employers or employees, and are usually calculated as a percentage of the salaries that employers pay their staff.
Indirect Labor
Labor costs associated with the production process that cannot be directly linked to specific units or products, such as maintenance personnel salaries.
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