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What were the developments that led to the military revolution of the sixteenth and seventeenth centuries? What were the social and political consequences of these changes?
Overhead Cost
Rephrased: Expenditures related to the business's general operations, not directly linked to any specific product or service.
Direct Materials
Raw materials that are directly used in the production of a product and can be easily attributed to that product.
Direct Labor
The cost of workers who can be directly traced to the production of products.
Overhead Cost
Indirect expenses related to the day-to-day operations of a business, such as rent, utilities, and administrative salaries.
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