Examlex
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Manufacturing Facility
A site equipped with machinery and tools specifically designed for the production of goods.
Manufacturing Overhead
All costs incurred in the production process that cannot be directly attributed to specific units produced, such as maintenance and utilities.
Conversion Cost
The sum of direct labor and manufacturing overhead costs, representing the costs needed to convert raw materials into finished goods.
Direct Materials
These are the raw materials that are directly incorporated into a finished product.
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