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Job Order System
An accounting system that tracks costs individually for each job, suitable for manufacturing processes that differ significantly from job to job.
Manufacturing Overhead
Indirect factory-related costs incurred in the production process, such as depreciation of equipment and utility costs.
Factory Labor
It refers to the workforce engaged in manufacturing processes, often within a factory setting, and encompasses all labor costs directly associated with the creation of a company's products.
Manufacturing Overhead
Indirect costs related to manufacturing that are not directly tied to specific product units, such as factory rent or maintenance.
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