ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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AGE OF INVENTORY Definition
AGE OF INVENTORY see DAYS INVENTORY.
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CONVERSION COSTS is Direct Labor + Manufacturing Overhead.
MANNING VARIANCE is the difference between the amount of time that was expected to be worked at a machine-paced workcenter, based on the amount of receipts of the parent part, and the actual amount of labor hours recorded at the workcenter.