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What accounts for the most ATP production?
Prime Costs
The total cost of direct materials and direct labor incurred in the production of goods.
Conversion Costs
The combination of labor costs and overhead costs that are incurred to convert raw materials into finished goods.
Direct Labor Cost
The total cost of wages paid to workers directly involved in the production of goods or services, excluding benefits and overtime.
Manufacturing Process
The series of operations involved in the production of goods, encompassing everything from raw materials to finished product stages.
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