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Company Vix has several departments that have different set of processes, making it difficult to share information between them.The IT consultant suggested implementing a system that would facilitate greater integration between all departments.What is the name of this system?
Manufacturing Overhead
All indirect costs associated with the production process, such as utilities, depreciation, and maintenance expenses.
Predetermined Overhead Rate
A rate calculated at the beginning of the period, used to assign overhead costs to products or services based on a consistent formula.
Direct Labour
The wages paid to workers who are directly involved in the production of goods or the provision of services.
Raw Materials
Raw materials are basic and unprocessed inputs used in the manufacturing of goods.
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