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The mumps and herpes simplex viruses are common examples of
Conversion Costs
The sum of direct labor and manufacturing overhead costs incurred to convert raw materials into finished products.
Factory Overhead
All indirect costs associated with manufacturing, excluding direct materials and direct labor, like utilities and depreciation.
Selling Expenses
Costs associated with the marketing and distribution of a company's products or services, including advertising, sales personnel salaries, and commissions.
Direct Materials Cost
The expense incurred for raw materials that are consumed directly in the manufacturing process of a product.
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