Examlex
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Job-Order Costing System
A costing method used to collect and assign manufacturing costs to individual units or specific jobs.
Manufacturing Overhead
All indirect costs associated with the production process, excluding direct materials and direct labor expenses.
Work in Process
Inventory that includes goods in production but not yet completed, often assessed in the manufacturing sector.
Direct Materials
The raw materials that are directly used in the manufacturing of a product, which are easily traceable to the finished product.
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