Examlex
List and explain in your own words the four basic principles of rendering space in one-point perspective.
Direct Materials
These are raw materials that can be directly identified with the finished product in terms of cost and physical involvement.
Factory Overhead
All costs related to production that are not direct materials or direct labor costs.
Conversion Cost
Conversion cost is the combination of labor and manufacturing overhead costs incurred to convert raw materials into finished goods.
Equivalent Unit
A concept used in process costing that converts partially completed units into a number of fully completed units.
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