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Martin and Halverson's gender schema model suggests that
Equivalent Units Of Production
A concept used in cost accounting to allocate costs to units of output during a period, accounting for partially completed units.
Work In Process Inventory
Inventory that includes all materials, labor, and overhead costs for products that are in the production process but not yet completed.
Direct Materials
These are raw materials that can be directly identified with the finished product in terms of cost and physical involvement.
Factory Overhead
All costs related to production that are not direct materials or direct labor costs.
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