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Direct Labor Wage Rate
The rate of pay for employees who are directly involved in manufacturing or producing goods.
Raw Materials
Basic materials that are used in the production process to create goods or products, often transformed or converted into finished goods.
Variable Manufacturing Overhead
Costs in the manufacturing process that fluctuate with the level of production output, such as utilities or materials that vary with production volume.
Cash Collected
The total amount of money received by a business during a given period from transactions.
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