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A certain amount of disagreement and conflict is much healthier than blind agreement.
Prime Cost
Direct materials cost plus direct labor cost.
Cost Of Goods Manufactured
The total expense incurred to produce goods over a specific period, including labor, materials, and overhead.
Gross Margin
The difference between sales revenue and the cost of goods sold, indicating the financial health of a company's core activities.
Finished Goods Inventory
The stock of completed products that are ready to be sold but have not yet been purchased by customers.
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