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Direct Labor
Direct Labor refers to the wages and benefits of employees who are directly involved in the production of goods, considered a variable cost.
Manufacturing Costs
The aggregate costs associated with the process of producing finished goods, including materials, labor, and overhead.
Direct Materials
Raw materials that are directly traceable to the production of finished goods.
Cost Of Goods Manufactured
The total production cost of goods that were completed during a specific accounting period, including direct materials, direct labor, and manufacturing overhead.
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