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Construct an indented bill of material for a common 3-ring view binder (the kind that lets you slip your own cover sheet into the front panel and spine). Assume the rings to be 1 inch diameter. Don't worry about other dimensions?
pay attention to accounting for all of the parts.
Direct Labor-Hours
A measure of the hours worked by employees directly involved in the production process.
Variable Overhead
Expenses that vary with production levels, such as costs for power or materials used in the manufacturing process.
Direct Materials
Raw materials and components used in the manufacturing process that are directly incorporated into the final product.
Direct Labor-Hours
Represents the total hours worked by employees directly involved in the manufacturing process.
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