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A ____ approach requires a rater to assign a certain percentage of employees to each category of excellence, such as best, average, or worst.
Cost of Goods Manufactured
The total cost incurred to produce goods during a specific period, including materials, labor, and overhead costs.
Cost of Goods Sold
The total expense directly associated with producing or purchasing goods that have been sold.
Period Cost
Costs that are expensed in the period they are incurred and are not directly tied to the production of goods.
Product Cost
The total cost to produce a product, including direct labor, materials, and manufacturing overhead.
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