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Processes that include distribution, manufacturing, and accounting software operations are front office processes.
Factory Insurance Costs
Premiums paid for insurance policies that protect manufacturing facilities and equipment against losses or damages.
Direct Labor Hours
The total hours worked by employees directly involved in the production of goods or providing services.
Journal Entry
A record in accounting that notes the details of a financial transaction in a company’s financial systems.
Raw Materials
Basic materials that are used in the production process to manufacture goods, often transformed or converted into the finished product.
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