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The most error-prone and inefficient steps in an operations or information process is:
Factory Overhead
Encompasses all indirect costs involved in the manufacturing process, such as utilities, maintenance, and management salaries.
Direct Materials
Raw materials that can be directly attributed to the production of goods or services.
Depreciation Expense
The allocation of the cost of a tangible asset over its useful life, reflecting wear and tear, deterioration, or obsolescence.
Prime Costs
The direct costs of a product, which include the costs of direct materials and direct labor involved in its production.
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