Examlex
Complete (assume $60,000 of overhead to be distributed):
Intermediate Products
Goods that are produced in one manufacturing process but are used as inputs in another, not yet final products.
Common Input
A resource, such as raw materials or labor, that is shared among different processes or production lines within manufacturing or service delivery.
Further Processing
Additional operations carried out on a product to enhance its value before final sale.
Split-off Point
The stage in a production process where multiple products are generated from a common input and can further be processed or sold separately.
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