Examlex
A codec converts a video file from on format to another, such as .avi to .mp4.
Factory Payroll
Factory Payroll includes the total compensation paid to employees working within the manufacturing operations, directly involved in producing goods.
Direct Materials
Raw materials that can be directly traced to the manufacturing process of a product.
Raw Materials
Basic materials that are used in the initial stages of the production process, before being transformed into finished products.
Inventory Accounts
Inventory accounts are accounting records that track the quantity and value of goods that a company holds for sale in the ordinary course of business.
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