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What is a bond? Identify and discuss the different types of bonds.
Manufacturing Overhead
All indirect costs associated with the manufacturing process, excluding direct materials and direct labor costs.
Administrative Costs
Expenses related to the general operations of a business that are not directly tied to the production of goods or services.
Direct Material
Raw materials that can be directly traced to the production of a specific product.
Product Costs
Costs that are considered to be directly associated with the production of goods or services, including direct labor, direct materials, and manufacturing overhead.
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