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________ Third ventricle
Direct Labor Cost
The wages and salaries paid to employees who are directly involved in producing goods or providing services.
Total Manufacturing Costs
The sum of all costs directly involved in producing a product, including raw materials, labor, and manufacturing overhead.
Manufacturing Overhead
Costs incurred in the manufacturing process that are not directly tied to a specific product, including indirect materials, indirect labor, and other factory-related expenses.
Work In Process Inventory
An accounting inventory category that refers to partially completed goods still in the production process.
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