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The first automobile manufacturer to use a division of labor and to use a moving assembly line was
Cost Control
The practice of managing and reducing business expenses through efficient and effective use of resources.
Product Costing
The process of determining the total cost associated with producing a product, including materials, labor, and overhead costs.
Manufacturing Overhead
All indirect costs associated with the manufacturing process, including utilities, maintenance, and salaried staff, not directly linked to the production of goods.
Applied Overhead
Applied overhead refers to the estimated amount of overhead costs allocated to particular cost objects based on a predetermined rate, used to assign indirect costs to products or services.
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