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Direct Materials
Raw materials that are directly incorporated into a finished product and are easily traceable to the product.
Direct Materials
Core ingredients that are directly associated with the assembly of specific items or delivery of services.
Conversion Costs
The combined costs of direct labor and manufacturing overheads incurred to convert raw materials into finished products.
Completion Ratios
The percentage of tasks or projects completed out of the total planned, often used as a performance indicator in project management.
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