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Direct Materials Cost
The cost of raw materials that are directly involved in the production of a product, easily traced back to the product itself.
Activity-Based Costing
An accounting approach that assigns costs to products or services based on the activities and resources used in production or provision.
Batch Processing
A method of processing data or producing goods in groups or batches, where the items in a batch are processed before moving on to the next batch.
Supervisory Wages
Compensation paid to employees responsible for overseeing and directing workers or production.
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