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1. What is the difference between "cost of production" and "internal costs"? The cost of production refers to the total cost of producing a product or service, including all direct and indirect costs. Direct costs are those that can be directly attributed to the production of a specific product or service, such as materials and labor. Indirect costs are those that cannot be directly attributed to the production of a specific product or service, such as overhead costs, such as rent and utilities. Internal costs, on the other hand, are the costs that are incurred within a company or organization. These costs may include things like salaries, benefits, and other expenses related to the company's operations. The difference between cost of production and internal costs is that cost of production includes all the costs associated with producing a product or service, including both direct and indirect costs, while internal costs are the costs incurred by the company or organization itself. For example, if a company is producing a product, the cost of production would include the cost of materials, labor, and any other direct and indirect costs associated with producing that product. The internal costs of the company, on the other hand, might include the salaries of the company's employees, the cost of rent and utilities for the company's offices, and other expenses related to the company's operations. Visit Site Ad Film Production House Gurgaon