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Which organization recently went on record to the public stating that it lost focus and stopped listening to its customers?
Direct Materials
Raw materials that are directly used in the manufacturing process of a product and can be directly traced to the goods being produced.
Production Cost Report
A document summarizing the costs associated with producing a product, including materials, labor, and overhead.
Work In Process
Inventory items that are in the stage of production but are not yet complete; represents a portion of inventory that is in transition from raw materials to finished goods.
Total Materials Costs
The complete sum spent on raw materials required for the production of goods or services.
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