Examlex
In a voucher system,paid vouchers are transferred to a paid voucher file.
Raw Materials
The basic materials and components used at the start of the production process, essential for creating the finished product.
Inventories
Quantifiable goods or materials that a business holds for the purpose of sale in the ordinary course of business, production, or use.
Job-Order Costing
A cost accounting system that collects costs individually for each job, suitable for customized orders or distinctly identifiable products.
Overapplied Overhead
A situation where the overhead allocated to products or services is more than the actual overhead incurred.
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