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Laboratories that work with moderate risk pathogens are classified as
Direct Labor Cost
This cost includes wages and benefits paid to employees who are directly involved in producing goods or providing services.
Product Costs
Expenses directly associated with the production of goods, including materials, labor, and overhead costs.
Period Costs
Expenses that are not directly tied to production and are expensed on the income statement in the period they are incurred, such as selling and administrative expenses.
Prepaids Insurance
Prepaid insurance refers to insurance premiums that are paid in advance and represent a future economic benefit for the period they cover.
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