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What is a TOE (Task,Object,Event)chart? Describe how it is created and used in the planning phase of an application.
Total Units
The entire quantity produced, held in inventory, or sold by a business in a specified period.
Conversion Cost
Costs incurred during the transformation of raw materials into finished products, mainly consisting of direct labor and manufacturing overhead.
Total Materials Cost
The sum of all costs associated with the raw materials used in the production of a product.
Equivalent Units
A measure used in cost accounting to express the amount of work done on partially finished goods as a proportion of finished goods.
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