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What are the transactions typically associated with the banking module of a baseline accounting system?
Raw Materials
The basic substances in their natural, modified, or semi-processed state used as inputs for manufacturing.
Storeroom
A room or space used to store supplies, materials, and equipment awaiting use in production or operations.
Overapplied Manufacturing Overhead
This occurs when the manufacturing overhead allocated to products exceeds the actual manufacturing overhead costs incurred.
Manufacturing Overhead
All indirect costs associated with the manufacturing process, including maintenance, utilities, and quality control, that cannot be directly traced to specific products.
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