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In the early 1900s in the U.S.,fears about opium and cocaine were closely linked to
Factory Overhead
includes all the indirect costs associated with manufacturing, such as utilities, maintenance, and salaries of indirect labor.
Direct Labor
The labor costs directly associated with the manufacturing of a product, including wages of workers physically involved in production.
Balance Sheet
A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time.
Direct Materials
The raw materials that are directly traceable to the manufacturing of a product.
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