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If there is no output for which product price is sufficient to cover variable costs
Direct Materials
The raw materials directly used in the production of goods.
Period Costs
Expenses that are not directly tied to product production, such as sales and administration expenses, and are charged to the period incurred.
Selling Expenses
Costs associated with the distribution, marketing, and sale of a product or service, excluding direct production costs.
Direct Labor
The cost of wages for labor directly involved in the production of goods or delivery of services.
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