Examlex
Encapsulation is the technique of hiding the internal implementation details of an object from its external view.
Conversion Costs
The combination of labor costs and overhead costs incurred to convert raw materials into finished products.
Manufacturing Costs
Expenses directly related to the production of goods, including materials, labor, and overhead.
Work in Process
Inventory items that are partially completed goods, still undergoing manufacturing processes.
Materials Costs
The total expenses incurred for the materials used in the production process or in the provision of services.
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