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Direct Labor Cost
The wages and benefits paid to workers who are directly involved in the production of goods.
Equivalent Units
A term used in cost accounting to represent a conversion of partially completed goods into a number of fully completed units.
Direct Materials
Raw materials that are directly traceable to the production of a specific good or service and directly incorporated into the final product.
Direct Labor
The wages paid to workers who are directly involved in the production of goods or the provision of services.
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