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Explain the difference between hyperkalemia and hypercalcemia.
Direct Materials Cost
The cost of raw materials directly used in the production of goods or services.
Overhead Cost
All ongoing business expenses not directly attributed to creating a product or service, including rent, utilities, and salaries of non-production staff.
Activity Rates
Are used in activity-based costing to allocate costs to products or services based on the activities required for their production or delivery.
Activity-Based Costing
A costing method that assigns overhead and indirect costs to specific activities, improving accuracy in product costing.
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