Round Off the Following Decimal to the Nearest Thousandth

question 19

Short Answer

Round off the following decimal to the nearest thousandth.
0.6253 = _____

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Definitions:

Manufacturing Costs

Expenses directly related to the production of goods, including raw materials, labor, and overhead costs.

Control Account

A summary account in the general ledger that consolidates the details recorded in subsidiary ledgers for easier and more effective financial analysis.

Raw Materials Inventory

The stock of unprocessed materials used in the manufacturing process.

Factory Labor

Workforce involved in producing goods within a factory setting, often comprising a significant portion of production costs.