Examlex
"Cultural priority" means
Prime Cost
The combined costs of raw materials and direct labor involved in the production of a product.
Manufacturing Overhead
Refers to all the indirect costs associated with the production process, such as utilities, maintenance, and salaries of supervisors that are not directly tied to the creation of a product.
Administrative Costs
Expenses related to the general operation of a business, including salaries of executive staff, office supplies, and utilities.
Indirect Costs
Costs that are not directly assignable to a specific product or project, such as rent, utilities, and managerial salaries.
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