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The most important phase in the writing process is gathering documentation.
Conversion Costs
The costs necessary to convert raw materials into finished products, usually consisting of labor and overhead expenses.
Unit Materials Cost
The cost assigned to individual units that includes the direct materials expense required to produce each unit, integral for calculating the total production cost.
Process Cost System
An accounting system used to apply costs to similar products that are mass-produced in a continuous fashion.
Manufacturing Overhead
All indirect costs related to the manufacturing process, including costs for management, utilities, and equipment maintenance not directly tied to the production.
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