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-In the above table, the marginal product of the sixth worker is
Direct Labor
Direct labor refers to the employees and the associated labor costs directly involved in the manufacturing process of a company's products.
Prime Cost
The combined direct costs of raw materials and labor that are directly attributable to the production of a product.
Manufacturing Overhead
All manufacturing costs that are not directly associated with the production of a product, including indirect materials, labor, and other overhead expenses.
Product Costs
Costs directly associated with the manufacturing of goods, including materials, labor, and overhead.
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