Figure 15.1 Using Figure 15.1, Match the Following

question 108

Multiple Choice

Figure 15.1
Using Figure 15.1, match the following:
-Horizontal cell.

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Definitions:

Raw Material

The basic material from which a product is made, often used in manufacturing or production processes.

Pounds

A unit of weight commonly used in the British, United States customary and other systems of measurement.

Work in Process

Inventory that includes materials that have been partially processed but are not yet finished goods.

Standard Costs

Estimated or predetermined costs of manufacturing, selling, or doing something, which are used for budgetary and costing purposes.