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Environmental Costs
Expenses associated with the negative effects of business practices on the environment, including cleanup costs, fines, and costs for environmentally friendly operations.
Abnormal Spoilage
Waste or loss in production that exceeds the expected level of spoilage under normal operating conditions.
Private
Pertaining to or owned by an individual or entity not related to the government or public sector.
Product Costing
The process of determining the total cost involved in producing a product, including raw material, labor, and overhead costs.
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