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Control Account
A summary account in the general ledger that consolidates the total amounts recorded in subsidiary ledgers.
Manufacturing Overhead
All indirect costs associated with the production process, including utilities, rent, and salaries for non-direct labor.
Raw Materials Inventory
The total cost of all components and raw materials that a company has in stock, which are intended to be used in the production of finished goods.
Accounts Receivable
Money owed to a company by its customers for goods or services delivered but not yet paid for.
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