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What does it mean to say that humans are social animals?
Direct Materials Used
The raw materials directly used in the production of goods, traceable to the end product.
Direct Labor
Labor provided by employees who are directly involved in the production of goods or the delivery of services, forming an essential part of the production process.
Manufacturing Overhead
All indirect costs associated with the production of goods, such as utilities, maintenance, and salaries not directly tied to specific units.
Cost of Goods Manufactured
The total production cost of goods completed during an accounting period.
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