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Who was Francis Xavier?
Direct Materials Inventory
An account used to track the cost of raw materials not yet used in production.
Direct Labor Costs
Expenses that can be directly tied to the production of specific goods or services, such as wages of workers.
Indirect Labor
Labor costs not directly associated with the production of goods or services, but rather supporting roles like maintenance and supervision.
Factory Overhead
All indirect costs associated with manufacturing, excluding direct labor and direct materials costs.
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