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Direct Materials
Raw materials that are traceable to the manufacturing of a product and are an integral part of the finished product.
Predetermined Overhead Rate
A rate used to allocate overhead costs to products or services, calculated before the period begins based on estimated costs and activity levels.
Direct Materials Used
Direct Materials Used are raw materials that are directly incorporated into a finished product and are a major part of manufacturing costs.
Selling Expenses
Costs incurred directly and indirectly in selling and distributing a product or service, including advertising, sales salaries, and commission.
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