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The Cost of a Manufactured Product Generally Consists of Direct

question 238

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The cost of a manufactured product generally consists of direct materials cost, direct labor cost, and factory overhead cost.


Definitions:

Abbreviation

An abbreviated version of a word or phrase.

Bill of Materials

A comprehensive list of raw materials, components, and assemblies required to construct, manufacture, or repair a product or service.

Standard Parts

Components that are manufactured to a set specification and can be used interchangeably across different devices or assemblies.

Fabricated

Items or structures that have been constructed or manufactured by assembling various parts.

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