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includes all the activities that managers engage in to attract and retain employees and to ensure that they perform at a high level.
Transferred Out
Transferred Out is a term often used in accounting and inventory control to denote goods or assets moved from one department, location, or account to another.
Equivalent Units
A concept in cost accounting used to allocate costs to partially completed goods, computed by taking the number of partially completed units and converting them into a number of fully completed units.
Total Materials Costs
The total expense incurred by a company for the materials that are used in the production process of its goods or services.
Manufacturing Cost
Direct expenditures involved in creating goods, such as components, employee wages, and additional production overhead.
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