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When the computer is turned off, everything in secondary memory is lost.
Factory Overhead
All indirect costs involved in manufacturing beyond direct materials and direct labor.
Indirect Labor
Labor costs not directly tied to the production of goods or services, such as maintenance, supervision, and administrative staff salaries.
Indirect Materials
Materials used in the production process but not directly traceable to a finished product.
Work in Process
A stage in the production process that includes goods partially completed; not yet ready for sale.
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