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Factory Overhead
All indirect costs incurred during the manufacturing process, excluding direct materials and direct labor.
Factory Rent
Factory rent refers to the cost associated with leasing a premise for manufacturing operations, classified as an overhead expense in accounting.
Prime Costs
The sum of expenses for the raw materials and labor directly involved in the manufacturing of a product.
Conversion Costs
The aggregate expenditure on direct labor and manufacturing overheads used for turning raw materials into final products.
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