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Which of the following is a pay plan that only compensates sales employees based on a percentage of sales?
Raw Materials Inventory
Stocks of the basic materials and components that are used in production but have not yet been processed or used in the manufacturing process.
Direct Labour
Work specifically conducted by employees directly involved in the manufacturing process of a product.
Manufacturing Overhead
All manufacturing costs excluding direct labor and direct materials, such as utilities and rent for production facilities.
Cost of Goods Manufactured
This refers to the total production cost incurred by a company to manufacture products in a specific period, including materials, labor, and overhead costs.
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