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Unit Product Costs
The complete expense incurred in the creation of a single unit of a product, encompassing materials, workforce, and indirect costs.
Indirect Labor
Labor costs associated with employees who do not directly work on a product, but whose services are necessary for the manufacturing process.
Job-Order Cost System
An accounting system that collects and assigns manufacturing costs to individual units or batches of production, enabling precise tracking of material, labor, and overhead costs.
Employee Time Ticket
A document or record used to track the amount of time an employee spends on various tasks or projects.
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