What is the Raw material cost and other cost

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Raw material cost includes the cost of all materials used in production, while other costs include expenses such as labor, overhead, and transportation.

Raw material cost is the cost of all materials used in production, including direct and indirect materials.
Other costs include expenses such as labor, overhead, and transportation.
Raw material cost and other costs are important factors in determining the overall cost of production.
For example, if a company produces furniture, the raw material cost would include the cost of wood, screws, and other materials used in production, while other costs would include expenses such as labor, rent, and transportation.
Understanding the breakdown of raw material cost and other costs can help a company make informed decisions about pricing and profitability.

What is the Raw material cost and other cost

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