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In a population of wild bees, a mutation resulted in slightly larger wingspan in some of the bees. This larger wingspan made the bees more efficient in their flights to flowers to collect nectar. Thus, these bees became more successful. This trait was passed on to offspring, and eventually the larger wingspan variety of bee replaced their smaller-winged relatives completely.
-The larger wingspan could be called
Direct Materials
Basic substances that can be directly linked to the manufacturing of particular products or services.
Conversion Costs
Conversion Costs are manufacturing expenses related to turning raw materials into finished products, typically including labor and overhead costs.
Transferred-In Costs
Costs accumulated from a previous process or department that are carried into the cost of goods in the next phase of production.
Average Cost Method
An inventory costing method that calculates the cost of goods sold and ending inventory based on the weighted average cost of all items available for sale during the period.
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