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Visually,a pie graph can mislead because of an illusion.
Factory Overhead
Factory overhead, also known as manufacturing overhead, includes all the indirect costs related to manufacturing that cannot be directly attributed to a specific product unit.
Direct Materials
Raw materials that are directly traceable and integral to the finished product in the manufacturing process.
Work In Process
This refers to the goods that are in the middle of the manufacturing process but are not yet complete.
Process Cost System
An accounting method used to track production costs for continuous production processes, allocating costs to units of product.
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