The three types of responsibility centers are cost centers, profit centers, and investment centers. Please define these responsibility centers. Also, please consider an everyday item in your home and the manufacturing company that made that item. Please describe a cost center, profit center, and investment center that the manufacturing company that made your item might use.

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Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.