Examlex
In a logic bomb attack, a Web site is overwhelmed by an intentional onslaught of thousands of simultaneous messages, making it impossible for the attacked site to engage in its normal activities.
Process Costing
An accounting method used to allocate costs to units of production in industries where the production process is continuous.
Equivalent Units
A concept in managerial accounting that adjusts the unit count of work-in-process (WIP) inventory to reflect the amount of completed units if all effort had been applied to only producing finished goods.
Conversion Costs
The sum of labor costs and overhead costs associated with transforming raw materials into finished goods.
FIFO Method
A cost flow assumption for inventory valuation where the first items acquired (First In) are the first sold or used (First Out), affecting the cost of goods sold and inventory on financial statements.
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