Examlex
Use the given frequency distribution to construct a frequency histogram, a relative frequency histogram and a frequency
polygon.
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Direct Materials
Direct materials are raw materials that are directly traceable to the manufacturing of a product and are an essential part of the finished product.
Direct Labor
The workforce directly involved in producing goods or delivering services, whose wages are considered part of manufacturing costs.
Manufacturing Overhead
All indirect costs associated with the manufacturing process, including but not limited to, utilities, depreciation, and salaries of non-direct labor.
Inventoriable Costs
Direct costs associated with the acquisition or production of goods that are capitalized as inventory and recognized as cost of goods sold when the inventory is sold.
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