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Foods that provide a specific health benefit beyond basic nutrition are known as functional foods or
Product Cost
The total expenditure incurred to manufacture a product or offer a service, including materials, labor, and overhead costs.
Conversion Cost
The total cost of converting raw materials into finished products, typically including labor and overhead expenses.
Direct Materials
Raw materials that can be directly traced to the production process of a specific good or service.
Manufacturing Overhead
Indirect costs related to manufacturing that are not directly tied to a specific product, such as utilities, rent, and management salaries.
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