Examlex
Identify the relationship between these two structures.
Direct Materials Used
The raw materials directly incorporated into a finished product during the manufacturing process.
Direct Materials
Raw materials that are directly traceable to the manufacturing of a product.
Cost of Goods Manufactured
The total cost incurred by a company to produce goods within a specific period, including materials, labor, and overhead.
Manufacturing Overhead
All manufacturing costs other than direct materials and direct labor incurred to produce goods, including utilities, depreciation, and maintenance of equipment.
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