Examlex
Judges in future cases are not so likely to follow the dicta in prior cases as they are the holdings.
Process Manufacturing
A production method that adds value by converting raw materials using a continuous or batch process into finished goods.
Unique Items
Unique items refer to goods or products that are distinct due to their characteristics, design, or limited availability, making them stand out from regular or mass-produced items.
Process Cost System
A type of cost accounting system that provides product costs for each manufacturing department or process; a type of cost system that records product costs for each manufacturing department or process within a manufacturing facility.
Cost Of Production Report
A report prepared periodically by a processing department, summarizing (1) the units for which the department is accountable and the disposition of those units and (2) the costs incurred by the department and the allocation of those costs between completed and incomplete production.
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