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3. Labor Costs Labor is a significant part of the total manufacturing cost. The costing sheet should include direct labor costs (workers directly involved in the production) and indirect labor costs (supervisors, quality control staff, etc.). Understanding labor costs can help identify opportunities for efficiency improvements.

In conclusion, diamond machining is a vital process that underpins many modern manufacturing applications. With its unparalleled precision and ability to produce high-quality finishes, it stands at the forefront of technological advancements across multiple industries. As researchers and manufacturers continue to explore new possibilities within this domain, diamond machining will undoubtedly play a critical role in shaping the future of manufacturing.