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Why did the South lose the war? What were its weaknesses and disadvantages?
Supplies Inventory
Items held in stock by a business, such as office supplies or maintenance materials, not directly used in manufacturing but necessary for operations.
Factory Overhead
All indirect costs associated with manufacturing, excluding direct materials and direct labor.
Direct Labor Hours
The total hours of labor spent by workers who are directly involved in the manufacturing process of a product.
Overapplied Manufacturing Overhead
Occurs when the allocated amount for manufacturing overhead costs exceeds the actual overhead costs incurred.
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