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Direct Labor
The labor costs associated with workers who physically construct a product or are directly involved in providing a service.
Continuous Process
A manufacturing process where production runs 24/7, often used in industries like chemicals and oil refining.
Equivalent Units
A concept used in cost accounting to convert partially completed goods into a number of completed units for inventory valuation.
Production Department
The division within a business that is charged with the manufacture of goods or the provision of services.
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