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Lumber Mill
A facility where logs are cut into timber, undergoing processes from debarking to sawing and sometimes further processing.
Board Feet
A volume measurement used in the lumber industry, equivalent to a piece of wood that is one foot long, one foot wide, and one inch thick.
Responsibility Accounting System
An accounting system that measures the results of each responsibility center and relates them to managers responsible for those centers.
Controllable Costs
Expenses that can be modified or managed by a decision-maker within an organization, including costs like supplies and advertising.
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