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Factory Overhead
All indirect costs associated with manufacturing, excluding direct labor and direct materials, such as utilities, depreciation, and maintenance of equipment.
Product Cost
The total of costs directly tied to the production of a product, including raw material, labor, and overhead.
Oil Lubricants
Substances applied to reduce friction and wear between surfaces in mutual contact, which ultimately extends the life of machinery.
Factory Plant
A facility where industrial or manufacturing processes occur, often including buildings and machinery.
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