Examlex
A reversion is held by a person other than the grantor or his successors.
Work in Process
Inventory that includes the partially finished goods that are still undergoing manufacturing processes.
Materials
The raw substances used in the manufacturing process to create products or are part of the final product.
Direct Labor
The wages and benefits paid to employees who are directly involved in the production of goods or services.
Overhead Costs
Indirect costs or expenses related to the operation of a business that are not directly tied to a specific product or service, such as utilities, rent, and administrative expenses.
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