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Machine language-0s and 1s-would be very difficult for a programmer to write in; thus a low-level (second-generation) language,________ can be used to write a program with abbreviations and basic words,instead of numbers.
Cost of Goods Manufactured
The total production cost of goods that are completed and ready for sale during a specific period.
Income Statement
A financial document that reports a company's revenues, expenses, and profits over a specific period, showing how the revenues translate into net income.
Balance Sheet
A financial statement that presents the assets, liabilities, and shareholders' equity of a company at a specific point in time.
Factory Overhead
All indirect costs associated with manufacturing, including utilities, maintenance, and management salaries not directly tied to production.
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