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In a rating of the satisfaction with their instructor, 13 students gave the following scores from a scale of 1 to 5:
3, 2, 1, 1, 5, 5, 4, 3, 3, 2, 4, 3, 3
-What is the mode?
Total Manufacturing Costs
The sum of all costs directly related to the production of goods, including direct materials, direct labor, and manufacturing overhead.
Raw materials
Basic substances in their natural, modified, or semi-processed state, used as inputs for production.
Finished Goods Inventory
The stock of completed products that are ready to be sold but have not yet been purchased by consumers.
Direct Materials
Raw materials that are directly traceable to the manufacturing of a product.
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