Examlex
Visual Basic programmers use the term "methods" to name their modules.
Process Costing
An accounting methodology used to allocate costs to products in industries where the production process is continuous and units are indistinguishable from one another.
Cost Of Goods
The total cost incurred to acquire or manufacture the products sold during a specific period.
Conversion Costs
The sum of direct labor costs and manufacturing overhead costs, incurred to convert raw materials into finished products.
Direct Materials
Raw materials that are directly traceable to the manufacturing or production of a specific product.
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