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Levels of service are based on three key components,including all of the following,except:
Time Tickets
Documentation used to record the amount of time an employee spends on various tasks, contributing to labor cost tracking.
Unit Material Cost
The cost attributed to a single unit of production, including direct materials used in creating that unit.
Physical Units
A method of measuring output or production volume in a process costing system using actual physical units.
Total Costs
The complete sum of all expenses incurred by a business in producing goods or services, including fixed and variable costs.
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