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An MSDS is being discussed. Technician A says it is the shop's responsibility to develop it. Technician B says it must be readily available to all shop personnel. Who is correct?
Unit Costs
The cost associated with a single unit of product or service, including all costs incurred to produce, deliver, and sell the product.
Job Order Cost Systems
An accounting method that assigns costs to specific batches or job orders, tracking the direct materials, direct labor, and manufacturing overhead per job.
Materials Costs
The total expense incurred to acquire raw materials that are directly used in the production of goods or services.
Overhead
describes the ongoing business expenses not directly attributed to creating a product or service, including rent, utilities, and insurance.
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