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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.
Journal Entry
A record in the books of account that represents a transaction and its effect on the accounts, typically including a debit and credit.
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