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Unit Production Costs
The total cost associated with producing one unit of a product, including both direct costs like materials and labor, as well as allocated overhead.
Flow of Costs
The movement and assignment of costs through a company's production processes to its products or services.
Process Costing System
Accounting methodology used for homogeneous products, calculating costs at each stage of the manufacturing process.
Mass-Produced
Items or products manufactured in large quantities using automated processes and standardized components, allowing for economies of scale.
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