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What was a result of the Fugitive Slave Law?
Markup
The percentage of the cost added to the cost price of items to cover overhead expenses and profit.
Job M
A specific task, project, or batch of work, often associated with job costing, designated by the letter 'M'.
Total Job Cost
The complete cost of a specific job, including all direct materials, direct labor, and overhead applied to that job.
Overhead Applied
The amount of overhead cost allocated to produced goods, based on a predetermined overhead rate.
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