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The majority of the testis is comprised of
Factory Overhead
The indirect costs related to manufacturing, including utilities, maintenance, and salaried staff expenses that cannot be directly traced to specific units produced.
Machine Hours
A measure of production time, calculated by counting the number of hours that machinery is operating in the production of goods.
Raw Materials
The basic substances or components that are processed or combined to manufacture finished goods.
Journalize
The process of recording financial transactions in a company’s accounting records, or journal, in chronological order.
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