Examlex
Overlearning is a desirable component in a training program when the task to be learned is likely to be immediately practiced in the work situation.
Equivalent Units
A concept used in cost accounting to represent the amount of work done on incomplete units, expressed in terms of fully completed units.
Work In Process
Items in a manufacturing process that are not yet finished products, including raw materials, labor in progress, and overhead costs.
Work In Process Account
An account that tracks the costs associated with partially completed goods in manufacturing processes.
Process Cost System
An accounting method used to track the costs associated with processes that produce homogeneous products.
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