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The Term Cosmogony Means a Theory of the Creation or Origin

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The term cosmogony means a theory of the creation or origin of the universe.


Definitions:

Direct Materials

The raw materials that are directly traceable to the manufacturing of a product.

Organizational Objectives

The specific, measurable goals set by a business or organization to guide operations and strategic planning.

Planning

The process of setting objectives, determining strategies to achieve those objectives, and developing plans to integrate and coordinate activities.

Conversion Costs

The combined total of direct labor and manufacturing overhead costs that are incurred to convert raw materials into finished products.

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