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Which of the following is not one of the purposes of norms?
Raw Materials
Basic materials and substances used in the production process, which are transformed into finished goods through the manufacturing process.
Manufacturing Overhead
All manufacturing costs that are not directly associated with the production of a product, including indirect labor, materials, and expenses.
Manufacturing Cost
The total cost incurred by a company to produce a specific quantity of a product, including direct materials, direct labor, and manufacturing overhead.
Work in Process
Partially finished goods that are still in the production process at the end of an accounting period.
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