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Cultural diffusion
Factory Overhead
Factory Overhead includes all indirect costs associated with the manufacturing process, such as utilities, maintenance, and manager salaries, not directly tied to production output.
Process Manufacturing
A production method used in industries such as chemical, food, and pharmaceuticals, where goods are produced in continuous, batch processes rather than discrete units.
Unique Items
Products or goods that are distinct in characteristics or are produced in small quantities, making them rare or uncommon.
Equivalent Units
A concept in cost accounting used to allocate costs to partially completed goods, measuring them in terms of the amount of finished goods they represent.
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