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According to Maslow's Hierarchy of Needs theory, higher-order needs motivate even if lower-order needs are not met.
Materials Price Variance
Difference between the actual cost of material and the standard cost multiplied by the amount of material purchased.
Cash Account
An account reflecting the amount of cash a company or individual has available.
Work in Process Inventory
Items that are partially completed during manufacturing, which are not yet ready for sale.
Direct Labor Costs
Costs that can be directly attributed to the production of goods or services, such as wages paid to workers manufacturing a product.
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