Examlex
NVC can sometimes contradict verbal communication within the same message.
Backflush Costing
A simplified accounting approach where production costs are flushed back at the end of a production process, used in just-in-time manufacturing environments.
Conversion Costs
The costs incurred to convert raw materials into finished products, typically including labor and manufacturing overhead.
Finished Goods
Refers to products that have completed the manufacturing process but have not yet been sold to customers.
Cost of Goods Sold
The direct costs attributable to the production of the goods sold in a company, including materials and labor.
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