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According to the text,the runaway philosophical winner in the 1912 election was
Total Manufacturing Costs
The sum of all costs directly involved in the production of a good, including direct materials, direct labor, and manufacturing overhead.
Direct Materials
The specific raw materials used in the production of goods that can be directly attributed to the finished product, contributing directly to its manufacture.
Factory Depreciation
The decrease in value of manufacturing facilities and equipment over time due to wear and tear or obsolescence.
Cost of Goods Manufactured
The total expense incurred by a company to produce goods during a specific period, including labor, material, and overhead costs.
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