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You have been asked to serve on a committee charged with providing a school district with advice on how to build the most effective school that will have the most effective teachers. What specific advice on these two topics would you provide to this committee?
Direct Labor Hours
The total hours worked by employees directly involved in the production of goods or providing services.
Journal Entry
A record in accounting that notes the details of a financial transaction in a company’s financial systems.
Raw Materials
Basic materials that are used in the production process to manufacture goods, often transformed or converted into the finished product.
Journal Entry
A record in the books of account that represents a transaction and its effect on the accounts, typically including a debit and credit.
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