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Technician A says that vacuum readings for an engine with a performance camshaft might be lower at idle. Technician B says that an engine that has worn lower main bearings will have lower oil pressure at freeway speeds. Who is right?
Materials Cost
The cost of the raw materials used in the production of goods.
Weighted-Average Method
An inventory costing method where costs of goods sold and ending inventory consist of a weighted average of all purchases and manufactured goods during the period.
Cost Reconciliation Report
A financial report that explains the differences or reconciles the variations between the cost of beginning inventory plus purchases and the cost of goods sold.
Equivalent Units
A concept used in cost accounting to express the amount of work done on incomplete products in terms of fully completed units of output.
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