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The germ theory of disease
Raw Materials Inventory
The stock of unprocessed materials used in the manufacturing process.
Factory Labor
Workforce involved in producing goods within a factory setting, often comprising a significant portion of production costs.
Manufacturing Overhead Applied
The charging of manufacturing overhead costs to units produced, usually based on a predetermined overhead rate, including costs not directly tied to production like rent and utilities.
Overapplied Overhead
Occurs when the allocated or applied overhead for a product exceeds the actual overhead expenses incurred.
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