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Transferred-In Costs
Costs that are accumulated during the production process and then moved from one department to another within a manufacturing environment.
Direct Materials
Raw materials that can be directly traced to the production of specific goods or services in a manufacturing process.
Applied Overhead
An estimate of indirect costs assigned to individual jobs or activities based on a predetermined rate.
Direct Labor
The wages of workers or employees who are directly involved in the production of goods or services.
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