Examlex
The term sorting can be defined as:
Cost Of Goods Manufactured
The total cost accumulated during the production of goods within a specified period, including labor, materials, and overhead expenses.
Direct Materials
Raw materials that are directly traceable to the manufacturing of a product and are considered variable costs.
Factory Depreciation
The systematic reduction in the recorded cost of fixed assets (such as manufacturing equipment) to account for wear and tear or obsolescence over time.
Total Manufacturing Costs
The aggregate cost of direct material, direct labor, and manufacturing overhead incurred in producing goods.
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