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What are the two aspect of diversity in work?
Ending Inventories
The final quantity and value of materials, work-in-process, and finished goods that a company holds at the end of an accounting period.
Direct Labor Budget
A projection of the total costs associated with the direct labor needed for a specific period, based on projected levels of production or services.
Direct Labor-Hour
Direct labor-hour refers to the amount of labor time spent by workers directly manufacturing a product or delivering a service, used as a basis for allocating overhead costs.
Labor Rate
The amount paid per hour of labor, including wages and sometimes additional benefits, for direct and indirect labor.
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