Examlex
Match each definition in the first column to the correct term in the second column.
-An excretory organ involved with filtration of body fluids and the elimination of nitrogenous wastes.
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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