Examlex
In emerging industries:
Department 1
A nonspecific term that may refer to the first sector, division, or segment within an organization, requiring further context for a precise definition.
Applied Factory Overhead
The allocation of manufacturing overhead costs to actual production, based on a predetermined rate or formula.
Continuous Process
A production process that operates continuously without interruption to manufacture products or process materials in an unending flow.
Work In Process
The cost of unfinished goods in the manufacturing process at a given time, including labor, material, and overhead.
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