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Direct Labor Costs
The expenses of paying workers who are directly involved in the production of goods or services.
Factory Overhead
All indirect costs associated with the manufacturing process, including utilities, depreciation, and wages for support staff that are not directly involved in production.
Direct Labor
The cost of wages and benefits for workers who are directly involved in the production of goods or the provision of services.
Finished Goods Inventory
Inventory of finished goods available for sale but not yet purchased by customers.
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