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(4.72 × 10¹⁵) - (8.0 × 10¹⁴) = :
Product Cost
The total cost associated with making a product, including direct labor, materials, and manufacturing overhead.
Period Cost
Expenses that are incurred by a business during a specific period but are not directly tied to the production process, such as administrative and selling expenses.
Property Taxes
Taxes paid by property owners to local or state authorities based on the assessed value of their property.
Direct Materials
Raw materials that can be directly traced to the manufacturing of a product and are an essential component of the finished product.
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