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An advantage of e-mail over snail mail is the ability to instantly send and receive messages anywhere in the world via the Internet.
Prime Costs
The direct costs directly attributable to the production of goods, including direct materials and direct labor.
Conversion Costs
The total expenses of direct labor plus manufacturing overheads spent in transforming raw materials into completed goods.
Depreciation Expense
Depreciation expense represents the allocated cost of an asset's reduction in value over time, reflecting the wear and tear or obsolescence of long-term assets used in business operations.
Nonmanufacturing Cost
Expenses not directly related to the production of goods, such as selling, general, and administrative expenses.
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