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A distributional rating error occurs when a single rating is skewed toward an entire group of employees.
Direct Labor-Hours
The total hours worked by employees who are directly involved in the manufacturing or production process.
Budgeted Costs
Estimated costs for a future period, used for planning and control purposes in budgeting process.
Beginning Inventory
The value of goods available for sale or use at the start of an accounting period before any purchases or production are added.
Ending Inventory
The total value or quantity of goods, materials, or products in stock at the end of an accounting period.
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