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Which of the following is NOT a significant difference between manufacturing and service operations?
Selling Price
The cost at which an item is offered to buyers in the marketplace.
Manufacturing Costs
Expenses directly related to the production of goods, including raw materials, labor, and factory overhead.
Overhead Applied
is the amount of manufacturing overhead cost allocated to each product or job, based on a predetermined overhead rate.
Machining Department
A section within a manufacturing facility where machining processes, such as cutting, shaping, and drilling, are carried out.
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