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Cupcake Mix
A pre-prepared blend of ingredients used for baking cupcakes, requiring only the addition of a few wet ingredients.
Prime Costs
Prime costs are the direct costs of manufacturing a product, consisting of direct labor and direct materials.
Conversion Costs
The aggregate of labor and overhead expenses incurred in converting raw materials into finished goods.
Manufacturing Costs
Expenses directly related to the production of goods, including the costs of raw materials, direct labor, and overhead.
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