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What Are Prime Costs? What Are Conversion Costs

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What are prime costs? What are conversion costs?


Definitions:

Mill Skills

The abilities and knowledge required to operate machinery in mills that process materials such as textiles, lumber, or metals.

Lowell "Mill Girl"

A female textile worker at the Lowell mills in Massachusetts during the Industrial Revolution, often young and unmarried, who lived in company-run boardinghouses.

Personal Lives

Aspects of an individual's life that are personal and private, relating to their family, home, and personal relationships.

Social Class

A division of a society based on social and economic status, affecting people's lifestyles, education, and occupational opportunities.

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