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Justified text _____.
Cash Account
An account that records cash transactions, including cash received and cash paid out, within a business.
Direct Labor
The wages of employees who are directly involved in the production of goods or delivery of services.
Standard Costs
Predetermined costs for materials, labor, and overhead used as a benchmark to assess the actual performance and efficiency of production.
Fixed Manufacturing Overhead
Costs associated with manufacturing that do not vary with the level of production, including expenses like rent and salaries of managers.
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