Examlex
Multiply.
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Manufacturing Steps
Processes or stages involved in converting raw materials into finished goods.
Direct Labor
Direct labor refers to the wages or salaries paid to employees who are directly involved in the manufacturing or production of goods.
Overhead
The indirect costs or expenses incurred by a business that are not directly tied to specific product production or service.
Conversion Cost
The sum of direct labor costs and manufacturing overhead costs, representing the expenses necessary to convert raw materials into finished goods.
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