The overall cost from the perform executed by employees who're involved with producing an item is referred to as immediate labor cost.
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Cost accounting is derived from the field of accounting and supplies the detailed cost data; that needs management Handle existing operations and strategy for the long run. Cost accounting differs from money accounting in some way. Cost accounting analyzes the preset and variable cost factors.
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Direct raw substance cost refers back to the total cost of raw products which have been right linked to the process of manufacturing a specific product.