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Aerobic respiration,anaerobic respiration,and fermentation are the three basic types of
Direct Material Costs
The cost of raw materials directly used in the production of goods.
Predetermined Rate
A rate established before the start of a project or period, often used in budgeting and costing, to assign overhead costs to specific activities.
First-In, First-Out
An accounting method for valuing inventory which assumes that the first items purchased are the first ones sold.
Direct Labor
Labor costs that are directly tied to the production of goods or the provision of services, such as wages of factory workers.
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