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Variable Costs
Costs that vary directly with the level of production or volume of output, including materials and labor directly involved in a company's manufacturing process.
Direct Labor Cost
The total cost of all labor that can be directly attributed to the production or manufacturing of goods or services.
Manufacturing Overhead
All indirect costs associated with the manufacturing process, excluding direct materials and direct labor costs.
Administrative Costs
Expenses related to the general operations of a business that are not directly tied to the production of goods or services.
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