Absolute measures are signified by open brackets (see below) which mean that positive and negative errors are not treated the same way. 
Definitions:
Weighted-Average Method
A technique that figures out the cost of sold goods and the finishing inventory value, by averaging the cost of all items up for sale.
Labour and Overhead
Combined costs of workforce (both direct and indirect labor) and overhead expenses incurred during production.
Blending Department
A division within a manufacturing operation where raw materials are combined to produce a homogeneous product.
Weighted-Average Method
An inventory costing method that calculates the cost of goods sold and ending inventory based on the average cost of all units available for sale.
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