Examlex
If you open a file and make changes to it and then save the changes, that file has been ____.
Conversion Cost
The combined cost of direct labor and manufacturing overheads which are incurred to convert raw materials into finished goods.
Direct Materials
Initial materials specifically allocated for the making of certain goods or provision of services.
Factory Overhead
Indirect manufacturing costs not directly associated with the production of goods, such as depreciation of equipment, maintenance, and utilities.
Equivalent Units
A concept in cost accounting used to denote the amount of finished goods units that could have been produced given the total amount of production inputs.
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