Examlex
Automatic processes:
Direct Materials
Raw materials that are directly traceable to the manufacturing of a product and constitute an integral part of the finished product.
Unassembled Product
A product that is sold in parts and requires assembly by the customer or retailer before it can be used.
Assembled Product
A product that has been put together from various parts or components, ready for sale or use.
Processing Costs
Refers to the expenses involved in changing raw materials into finished products, including labor, materials, and overhead.
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