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What types of firms use the functional design?
Direct Labor Costs
Direct labor costs are the total expenses that a company incurs for labor directly involved in the manufacturing process of its products, including wages and salaries of the production staff.
Factory Overhead Rate
A calculation used to allocate indirect manufacturing costs to products, typically based on a base measure like labor hours or machine hours.
Direct Labor Cost
The total cost of employment for workers directly involved in the manufacturing of products or delivery of services.
Time Tickets
documents used to record the amount of time an employee spends on various tasks, useful for job costing and payroll.
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