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Which of the following is NOT a factor of production?
Product Costs
The total costs involved in manufacturing a product, which include direct materials, direct labor, and manufacturing overhead.
Expensed
A term referring to costs that are immediately charged against revenues as an expense, rather than being capitalized.
Indirect Cost
Expenses not directly tied to the production of goods or services, such as utilities or rent.
Plant Manager's Salary
The compensation paid to the individual responsible for overseeing the operations of a manufacturing facility.
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