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Tom,Dan,and Philip work in different teams at Leo Motors.Tom's team ensures that all the raw materials,machinery,tools and other production equipments are available for the employees round the clock.Any procurement needs have to be addressed to Tom,who also takes a call on the strategic decisions regarding the number of units to be produced,exported,etc.Dan works in a team of eight members who concentrate on the day-to-day production.They also ensure the quality checks are done and inspect each other's work.Philip is the operation manager,who works for five hours in the production department and then heads off to assist the management.His feedback is very crucial in improving the production process.
Indirect Labor
Costs associated with employees who are not directly involved in the production of goods or services, such as maintenance and clerical staff.
Precision Drills
Specialized tools or equipment designed for creating holes with exact dimensions and tolerances.
Oil Exploration
The process of searching for underground or underwater oil reserves with the goal of drilling and extracting oil.
Standard Costs
Predetermined costs for manufacturing a product or providing a service, used as benchmarks to measure performance.
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