An Audit Done by a Practice Before Submitting a Claim

question 77

Short Answer

An audit done by a practice before submitting a claim to an insurance company would be referred to as a(n) ________ audit.

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Definitions:

Direct Materials

Raw materials that can be directly traced to the production of goods.

Conversion Costs

Costs incurred in the process of converting raw materials into finished products, typically including direct labor and manufacturing overhead.

Assembly Labor's Wages

The earnings provided to employees who work specifically in assembling parts or products in a manufacturing process.

Raw Lumber

Unprocessed wood used as a base material in construction and manufacturing, typically sold in bulk or by the board foot.