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What did the introduction of maize and the potato represent for Eastern Europe?
Conversion Cost
The total expenses of direct labor and manufacturing overheads used in transforming raw materials into completed goods.
Manufacturing Overhead
All indirect costs associated with the production process, including salaries of supervisors, maintenance, and utilities in the manufacturing facilities.
Product Costs
Costs that are directly associated with the creation of a product, including direct materials, direct labor, and manufacturing overhead.
Direct Materials
Raw materials that are directly traceable and integral to the finished product in the manufacturing process.
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