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Product Cost
The total cost associated with manufacturing a product, including direct materials, direct labor, and manufacturing overhead.
Direct Materials
The raw materials that can be directly traced to the manufacturing process of a product.
Indirect
Costs or actions that are not directly traceable to a specific product, service, or activity but are necessary for the business to operate.
Direct
Expenses or costs that can be directly traced to a specific cost object, like a product, department, or project.
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