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Direct Materials
Basic substances that can be directly linked to the manufacture of a particular product or service.
Equivalent Units
A concept used in cost accounting to convert units of production into an amount of completed units, facilitating the calculation of costs per unit.
Finished Units
Completed products that are ready for sale or distribution at the end of a manufacturing process.
Materials Losses
Loss of materials during production due to waste, theft, or inefficiency, which can affect production costs and overall profitability.
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