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Ideas are generally not seriously considered unless there is a perceived need for change.
Direct Labor Hours
The collective amount of time spent by employees actively engaged in the production process.
Unit Product Cost
The total cost associated with creating one unit of product, including direct labor, direct materials, and allocated overhead.
Raw Materials Cost
The total expense incurred for materials that are used in the manufacturing process to produce goods.
Direct Labor Wage Rate
The amount of money paid to workers for each hour of labor.
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