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Production
Production is the process of combining various material and immaterial inputs to make something for consumption or use, often involving manufacturing or creation processes.
Job-Order Costing
A costing method that assigns costs to specific production jobs or batches, useful in customized or small batch productions.
Manufacturing Overhead
Indirect costs associated with manufacturing, not directly traced to a specific product, including utilities, depreciation, and maintenance expenses.
Direct Materials
Resources that can be directly associated with the manufacture of particular goods or services.
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