Examlex
One way to protect against poor translation is to back-translate the same message into the original language.
Conversion Costs
The sum of labor and overhead costs necessary to convert raw materials into finished goods.
Direct Materials
Raw materials that are consumed in the manufacturing process and are directly incorporated into the finished product.
Weighted-Average Method
An inventory costing method that assigns the average cost of goods available for sale to both ending inventory and cost of goods sold.
Conversion Costs
The combined costs of direct labor and manufacturing overhead, which are incurred to convert raw materials into finished products.
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