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Briefly describe five techniques (or algorithms) that are used for classification modeling.
Product Costs
Costs directly associated with the manufacturing of goods, including materials, labor, and overhead.
Inventoriable Costs
Synonym for product costs.
Manufacturing Overhead
Refers to all the indirect costs associated with manufacturing a product, excluding direct materials and direct labor.
Production Supervisors
Managers responsible for overseeing the production process, ensuring efficiency, and meeting production targets.
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