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Cost of Goods Sold
Cost of Goods Sold (COGS) is an accounting term indicating the direct costs attributable to the production of the goods sold by a company, including material and labor costs.
Overapplied Overhead
Overapplied overhead occurs when the allocated manufacturing overhead cost is more than the actual overhead costs for a production period.
Cost of Goods Sold
The direct costs attributable to the production of the goods sold by a company, including material and labor costs.
Job Order Costing
An accounting method that tracks production costs individually for each job or batch, commonly used in custom manufacturing.
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