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Instrumentality is
Product Costs
The costs directly attributable to the manufacturing of a product, including direct labor, direct materials, and manufacturing overhead.
Period Costs
Expenses that are not tied directly to the production process and are instead recognized as expenses in the period in which they are incurred.
Direct Materials Cost
The expenditure on raw materials that are directly used in the manufacturing of a product.
Direct Labor Cost
Expenses that are directly attributable to the manufacturing of products, including wages of workers who physically convert materials into finished goods.
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