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Transferred Out
In cost accounting, refers to the costs that have been moved from one production department to another in the process of manufacturing.
Predetermined Overhead Allocation Rate
This rate is calculated before the accounting period begins and is used to allocate overhead costs to products or services based on a specific activity base.
Direct Labor Cost
The wages and benefits paid to workers who are directly involved in the production of goods.
Equivalent Units
A term used in cost accounting to represent a conversion of partially completed goods into a number of fully completed units.
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