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Indirect Materials
Supplies used in the production process that are not directly traceable to a finished product.
Factory Overhead
Factory overhead refers to the indirect costs associated with manufacturing, excluding direct materials and direct labor.
Assembly Line
A manufacturing process in which parts are added to a product in a sequential manner to create a finished product more efficiently.
Direct Labor
The wages paid to workers who are directly involved in the production of goods or the delivery of services.
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