Examlex
A child who has started to speak in two-word phrases is probably in
Work in Process Inventory
Goods that are in the process of being manufactured but are not yet complete.
Direct Materials Used
Direct Materials Used are the raw materials that are directly incorporated into a finished product in the manufacturing process, constituting a significant part of the production cost.
Actual Overhead
The real costs incurred in the running of a business, excluding direct labor and direct materials.
Direct Materials Costs
The expense of raw materials and components that are directly incorporated into a finished product.
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