Examlex
Shaping through approximations more quickly establishes a complex behavior than does trial-and-error learning.
Work in Process
Inventory that includes raw materials that have been partially worked on but are not yet completed goods in the manufacturing process.
Journal Entry
A record in the financial journals of a business that captures the financial transactions of the company, showing all accounts affected and their respective debit or credit balances.
Job-Order Costing
An accounting method that collects and assigns manufacturing costs to individual units or batches of production, suitable for customized products.
Machine-Hours
A measure of the amount of time a machine is utilized during the production process, often used in cost accounting to allocate expenses.
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