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Respond to the following statements with reference to the five terms below.
-Consists of an outer layer of cells,a cavity,and an inner cell mass
Direct Labor
The labor costs directly tied to the production of goods or services.
Direct Materials
Raw materials that are directly incorporated into a finished product and can be directly traced to that product.
Traditional Format Income Statements
A type of financial statement that presents the revenues, expenses, and profits or losses of a company over a specific period, formatted in a conventional manner.
Factory Supervisor
An individual responsible for overseeing the operations and workers in a factory, ensuring production targets and quality standards are met.
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