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In feedback control, the control takes place after the activity is done.
Depreciation
Allocating the expense of a tangible asset across its life of utility in a systematic manner.
Manufacturing Equipment
Tools, machinery, and other durable assets used in the process of producing goods in a manufacturing setting.
Cost of Goods Manufactured
The total cost incurred to manufacture products within a specific period, including materials, labor, and overhead, ready for sale.
Work in Process
Partially finished goods or goods in the process of being produced in a manufacturing setting.
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