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Direct Materials
Materials directly linked to the production of a product, representing a major part of the manufacturing cost.
Manufacturing Overhead
The indirect factory-related costs incurred when producing a product, which may include costs related to utilities, depreciation, and salaries for factory management.
Total Manufacturing Costs
The aggregate cost involved in manufacturing an item, including direct labor, direct materials, and manufacturing overhead.
Work in Process
The costs of unfinished goods in the manufacturing process, including labor, raw materials, and overhead.
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