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The employees at Williamson Corp. are finding it hard to manage their daily work in an efficient manner. They are consistently unable to meet their daily targets because they have an unorganized workload, The employees request that the managers create a system where work is prioritized according to the level of importance. This system is put into practice, and the employees find it easier to handle work in a systematic and sequential manner. From the information given in this scenario, we can infer that Williamson Corp. has worked out its __________.
Rate of Return
The gain or loss on an investment over a specified period, expressed as a percentage of the investment's cost.
Direct Materials
Raw materials that can be directly attributed to the production of goods, easily identifiable and quantifiable.
Variable Costs
Costs that change in proportion to the level of production or sales activities of a business.
Cost Per Unit
Cost per unit is the total expense incurred to create or purchase a unit of product, calculated by dividing total costs by the number of units produced or purchased.
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