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The first step in assembling a project team is to:
Administrative Costs
Expenses related to the general operations of a business, including salaries of senior executives, office supplies, and utilities.
Direct Material
Raw materials that are directly traceable to the manufacturing of a product and are integral to its production.
Direct Labor
The labor costs directly tied to the production of goods or services.
Direct Materials
Raw materials that are directly incorporated into a finished product and can be directly traced to that product.
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