Examlex
Direct Materials
Raw materials that are directly traceable to the production of a specific product.
Manufactured Product
Items that have been produced from raw materials through a process involving labor and machinery, making them ready for sale.
Managerial Accounting
The act of detecting, assessing, scrutinizing, and sharing economic information with executives to help in reaching the goals of an organization.
External Auditors
Professionals who independently assess the financial statements of an organization to ensure their accuracy and compliance with applicable standards.
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