Examlex
The amount of land covered by forests is
Direct Labor
The wages and salaries for workers who are directly involved in the production of goods.
Raw Materials
The basic materials and substances used in the initial stages of production to manufacture goods.
Standard Costs
Predicted costs associated with manufacturing or providing a service, used for budgetary control and performance analysis.
Cash Account
An account that tracks the flow of cash transactions, including all receipts and payments of cash.
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