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Data collection methods are:
Direct Materials
Raw materials that can be directly attributed to the production of specific goods or services.
Allowances For Spoilage
Financial adjustments made for the anticipated loss of goods due to spoilage during production or storage.
Inefficiency
The lack of ability or effectiveness to transform inputs into outputs in a cost-effective manner, often resulting in wasted resources.
Practical Standard
An achievable standard that takes into consideration normal working conditions and expected operational inefficiencies.
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