-A __________ is a narrow passage of water connecting to larger bodies of water.
Definitions:
Direct Labor-Hours
The total hours worked by employees directly involved in the manufacturing process of products.
Direct Labor Rate
The average hourly wage paid to workers directly involved in the production process.
Master Budget
A comprehensive financial planning document that combines all of the individual budgets within a company into one overall budget.
Raw Materials
The basic materials and components used in the manufacturing process to produce finished goods.
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