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In Just-In-Time Manufacturing,the Basic Cost Classifications Used in Product Costing

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In just-in-time manufacturing,the basic cost classifications used in product costing are materials and overhead costs.


Definitions:

Simplify

The process of reducing an expression to its most basic form, making it easier to understand or solve.

Complex Fraction

A type of fraction in which either the top number, the bottom number, or both are fractions themselves.

Simplify

The process of reducing an expression or equation to its simplest form, by performing arithmetic operations and eliminating complex parts.

Complex Fraction

A fraction where the numerator, the denominator, or both contain fractions.

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