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Direct Labor
Direct labor refers to the wages and other costs for labor that is directly involved in the production of goods, such as assembly line workers.
Continuous Process
A production process where the input materials are continuously fed and processed to produce output, typically seen in industries like chemicals and petroleum.
Transferred-In Costs
Costs that are accumulated during the production process and then moved from one department to another within a manufacturing environment.
Direct Materials
Raw materials that can be directly traced to the production of specific goods or services in a manufacturing process.
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