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In terms of social inequality,agrarian societies generally
Predetermined Overhead Rate
An estimated rate used to allocate manufacturing overhead costs to products or job orders, based on a set activity measure.
Raw Materials
Basic materials that are used in the production process to manufacture finished goods.
Finished Goods
Finished goods awaiting sale and not yet delivered to end-users.
Work in Process Inventory
Represents the total cost of unfinished goods currently being manufactured.
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