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Formulas are for a cube, cylinder, pyramid, and cone. One cubic foot will hold 7.5 gallons of water. A rectangle-shaped tank is 10 feet by 8 feet by 8 feet. How many gallons of water will this tank hold?
Cost of Goods Manufactured
The total production cost of goods completed and transferred out of the work-in-progress inventory during a specific period.
Direct Materials
Raw materials that are directly traceable to the production of specific goods.
Factory Overhead
All indirect manufacturing costs, including costs related to running the factory that cannot be directly tied to a specific product.
Prime Costs
The combination of direct material and direct labor costs that are directly involved in manufacturing a product.
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