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Manufacturing Overheads
Indirect costs related to the production process, including utilities, depreciation of machinery, and factory rent.
Finished Goods
Products that have undergone the manufacturing process and are ready for sale to consumers.
Raw Materials
Basic substances in their natural, modified, or semi-processed states used as an input in the manufacture of goods.
Predetermined Overhead Rate
A rate calculated before the accounting period begins, used to allocate projected overhead costs to products or services based on expected activity levels.
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