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Explain why Martinson's (1974) work was so widely accepted. How did this work affect correctional policy and what are its limitations?
Manufacturing Overhead
The indirect costs associated with manufacturing, covering expenses like maintenance, utilities, and staff salaries not directly involved in production.
Cost of Goods Sold
The total cost incurred by a company to manufacture or acquire products sold during a specific period.
Raw Materials
Basic materials used in the manufacturing process to produce goods, often processed in several stages into components or finished products.
Work in Process
This includes partially finished goods that are in the process of being manufactured but are not yet complete.
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