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Primacy and recency effects are two attribution errors.
Normal Cost
The standard or usual expense associated with manufacturing a product, including direct labor, direct materials, and manufacturing overhead under normal operating conditions.
Portable Computer
A computer designed to be easily moved from one place to another, including laptops, notebooks, and other mobile computing devices.
Outside Supplier
A third-party entity that provides goods or services to a company, which are not produced in-house.
Production Costs
The total expenses incurred in the manufacture of a product, including direct materials, direct labor, and manufacturing overhead.
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