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A secondary appraisal involves
Raw Materials Inventory
The total value of raw materials currently held by a company, which are to be used in manufacturing or production processes.
Labor Costs
The total sum of all wages, benefits, and taxes that a business must pay for its employees, often a significant component of production expenses.
Direct Labor
The labor cost directly attributable to the production of goods or services, distinguishable from indirect labor costs like maintenance.
Indirect Labor
Labor costs that are not directly tied to the production of goods or the performance of services, such as the salary of a factory supervisor.
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