Examlex
When brazing a four-way reversing valve, a wet rag could be wrapped around the body of the valve to minimize the chance of internal damage to the valve.
Payroll Payable
Liabilities for wages owed but not yet paid to employees for work performed within a defined period.
Estimated Overhead Application Rate
A calculation used to estimate the amount of overhead to allocate to each unit of production or service, based on a pre-determined base.
Raw Materials
The basic, unprocessed inputs used in manufacturing to produce finished goods.
Accounts Payable
Amounts owed to creditors that result from the purchase of goods or services on account—a liability.
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