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Supervisor salaries, maintenance, and indirect factory wages would normally appear in the factory overhead cost budget.
Job Order Cost System
A job order cost system is an accounting method that assigns costs to specific production jobs, enabling precise tracking of the cost of materials, labor, and overhead for each job.
Custom Products
Custom products are goods manufactured or tailored according to the specific requirements or preferences of a customer.
Service Provider
A company or individual that offers services to others in exchange for payment, such as telecommunications, utilities, or professional services.
Finished Goods Ledger
The subsidiary ledger that contains the individual accounts for each kind of commodity or product produced, containing cost data for the units manufactured, units sold, and units on hand. Also called a stock ledger.
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