Examlex
Mitch Resnick from MIT's Media Laboratory argues that __________.
Finished Products
Goods that have completed the manufacturing process and are ready to be sold to customers.
Direct Materials Used
The raw materials directly traceable to the production of goods, considered part of the cost of goods sold.
Direct Labor
The expense associated with paying workers who directly contribute to manufacturing products or delivering services.
Manufacturing Overhead
Indirect factory-related costs that are not directly tied to the production of a specific product, such as the cost of maintaining factory equipment.
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